Making my first post on TradingView, any feedback is appreciated. Here's my outlook on NZD/USD. Price has been in a long term bear trend, but has consolidated over the few months.
Break of consolidation reflected from the short term counter trend line break. Price failed fast from 200 day simple moving average, which also had confluence with long term down trend line.
Price recently tested the 100 day SMA, and looks to be heading towards the lows of September at .62365.
If price clears these lows than I'm targeting the next major area of support and clean number at .600.
Break of consolidation reflected from the short term counter trend line break. Price failed fast from 200 day simple moving average, which also had confluence with long term down trend line.
Price recently tested the 100 day SMA, and looks to be heading towards the lows of September at .62365.
If price clears these lows than I'm targeting the next major area of support and clean number at .600.
Note
Have yet to enter. Waiting for price to break to break out of this short term consolidation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.