As you can see, in D1 and weekly NZDUSD is in downtrend, so it is a short on this pattern. In H4, the price has touch Fibo 50% for a retrace and the price is consolidated in the box and break out the zone which mean the selling pressure is strong, which show a good entry.
*Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.
*Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.
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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.