Analysis on #NZDUSD
The NZDUSD has no current setup for me but I am interested in possible setups that may come soon, as you see the market formed a trendline resistance and trend line support as laid on the chart.
Sell Setup
>> If the market test my trend line resistance level and key resistance zone near 0.7000 big number then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 0.6700 big number then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The NZDUSD has no current setup for me but I am interested in possible setups that may come soon, as you see the market formed a trendline resistance and trend line support as laid on the chart.
Sell Setup
>> If the market test my trend line resistance level and key resistance zone near 0.7000 big number then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 0.6700 big number then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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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.
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.