NZDUSD resistance and 0.618 short
We can notice that NZDUSD touched the resistance area for a week, but still cant break up.
Now, NZDUSD is pulling back.
We wait for the 4 hour chart, if it cant break 0.618, we can short.
SL: 0.7420
TP: 0.7320/0.7280/0.72
Now, NZDUSD is pulling back.
We wait for the 4 hour chart, if it cant break 0.618, we can short.
SL: 0.7420
TP: 0.7320/0.7280/0.72
Note
Break the 0.618 in 4 hour chart,so don't entry
wait for the confirmation
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.