NZDUSD 4H Sell Opportunity
Sell Level: 0.61750
Target Levels: 0.60900 / 0.60000
Description:
We are currently observing a sell opportunity for the NZDUSD pair on the 4-hour chart. The recommended entry point for this trade is at 0.61750.
Technical Analysis:
Resistance Level: The price has encountered resistance around the 0.61750 level, which has been validated by previous price action.
Downtrend Confirmation: The recent price action suggests a potential continuation of the downtrend, with the pair showing signs of bearish momentum.
Target Levels:The initial target for this trade is set at 0.60900, with a secondary target at 0.60000. These levels are based on previous support zones and Fibonacci retracement levels.
Trade Strategy:
1.Entry: Place a sell order at 0.61750.
2.Stop-Loss: Consider setting a stop-loss order slightly above the entry level to manage risk in case the market moves against the position.
3Take Profit: Set the take-profit levels at 0.60900 and 0.60000, adjusting based on market conditions and risk tolerance.
Risk Warning:
As with any trading opportunity, it is crucial to manage risk appropriately. Ensure to use proper risk management techniques, such as setting stop-loss orders and adjusting position sizes according to your trading strategy.
Happy trading!
Sell Level: 0.61750
Target Levels: 0.60900 / 0.60000
Description:
We are currently observing a sell opportunity for the NZDUSD pair on the 4-hour chart. The recommended entry point for this trade is at 0.61750.
Technical Analysis:
Resistance Level: The price has encountered resistance around the 0.61750 level, which has been validated by previous price action.
Downtrend Confirmation: The recent price action suggests a potential continuation of the downtrend, with the pair showing signs of bearish momentum.
Target Levels:The initial target for this trade is set at 0.60900, with a secondary target at 0.60000. These levels are based on previous support zones and Fibonacci retracement levels.
Trade Strategy:
1.Entry: Place a sell order at 0.61750.
2.Stop-Loss: Consider setting a stop-loss order slightly above the entry level to manage risk in case the market moves against the position.
3Take Profit: Set the take-profit levels at 0.60900 and 0.60000, adjusting based on market conditions and risk tolerance.
Risk Warning:
As with any trading opportunity, it is crucial to manage risk appropriately. Ensure to use proper risk management techniques, such as setting stop-loss orders and adjusting position sizes according to your trading strategy.
Happy trading!
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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.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
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.