NZDUSD - Sell Stop on Break of 4-Hour Support
Updated
Analysis
A divergence has been identified, and a rising wedge pattern has formed. The price is currently testing the 4-hour resistance level and is moving towards the 4-hour support. If the price breaks the second support level, we will enter a position, anticipating a bearish trend.
Trade Plan
Entry: 0.61284
SL: 0.61503
TP1: 0.61065
TP2: 0.60846
A divergence has been identified, and a rising wedge pattern has formed. The price is currently testing the 4-hour resistance level and is moving towards the 4-hour support. If the price breaks the second support level, we will enter a position, anticipating a bearish trend.
Trade Plan
Entry: 0.61284
SL: 0.61503
TP1: 0.61065
TP2: 0.60846
Trade active
Trade activatedTrade closed: target reached
TP1 and TP2 hit
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