NZDUSD ( UNDER BEARISH PRESSURE ) ( 4H )
NZDUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price closer a resistance trendline before falling , indicating the price is under bearish pressure
- TURNING LEVEL : a blue line a round 0.613, which indicates two cases , the first cases until the price trade below 0.613 reach a support level , the second case the price breaking 0.613 , the price reach a resistance level
- RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 0.619 and 0.622, when it is created the price by open 4h candle above turning level
- SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.608 , buying have already increase at this level
- PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.613 , it will attempt to reach support level at 0.608 ,then stable below this level reach 0.603 , if the breaking this level the price trying to reach a new resistance level at 0.619 and 0.622
TARGET LEVEL :
- RESISTANCE LEVEL : 0.619 , 0.622
- SUPPORT LEVEL : 0.608 , 0.603
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