Hi everyone:
NZDUSD is getting close to daily resistance around 0.7225 area. We have a nice resistance trend line adding bearish confluence. IF we see price action finds resistance, we can go into the intraday charts to look for a nice R:R short down to the 0.382, 0.7050 area on the daily chart. IF price action continue to move up and break above resistance, then there will be no trade to enter as the setup would be invalid.
I will update any potential short trade setup here.
Thank you for your support and feedback
NZDUSD is getting close to daily resistance around 0.7225 area. We have a nice resistance trend line adding bearish confluence. IF we see price action finds resistance, we can go into the intraday charts to look for a nice R:R short down to the 0.382, 0.7050 area on the daily chart. IF price action continue to move up and break above resistance, then there will be no trade to enter as the setup would be invalid.
I will update any potential short trade setup here.
Thank you for your support and feedback
Note
Potential short opportunity coming up.
Note
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Related publications
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.