Longterm view of NZDUSD
After series of impulse movements as a result of Global economic news, the market broke below the monthly zone and is currently in a retracement phase. On a weekly and daily timeframe, there is a bearish engulfing signaling that the bears still dominate the market. In order to execute a trade, my target will be the 0.59685 region and expect the market to conclude the ride down to the 0.55404 monthly zone.
NB: This is not a financial advice.
USE WISE RISK MANAGEMENT.
NB: This is not a financial advice.
USE WISE RISK MANAGEMENT.
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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.