Analysis of NZD/USD Retracement and Potential Uptrend Resumption
The NZD/USD pair has recently undergone a retracement, as evidenced by observed price action. The conclusive indicator of this retracement lies in the last candle, which prominently displays a sign of strength, hinting at a potential reversal in market sentiment.
Trade Plan:
Entry Point: 0.618
Stop Loss (SL): 0.611
Take Profit (TP): 0.65
Trade Plan:
Entry Point: 0.618
Stop Loss (SL): 0.611
Take Profit (TP): 0.65
Order cancelled
Fake Move, Change to sell again
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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.