Short NZDUSD
1. RSI (89) testing descending resistance level
2. Testing resistance of the channel
3. Fibo retracement (38.2% level) and horizontal resistance overlap + descending resistance line
2. Testing resistance of the channel
3. Fibo retracement (38.2% level) and horizontal resistance overlap + descending resistance line
Note
1. RSI (89) testing descending resistance level 2. Prices testing resistance of the channel
3. Major resistance at 0.73120: Fibonacci retracement (38.2% level), horizontal resistance overlap, descending resistance line
Note
1. RSI (89) testing descending resistance level 2. Prices testing resistance of the channel
3. Major resistance at 0.72765: Fibonacci retracement (38.2% level), horizontal resistance overlap, descending resistance line
Trade closed: stop reached
RSI bullish exit, cannot be considered a channel formation, breakout of descending resistance line, strong resistance at 61.8% Fibonacci retracement
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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.