NZDUSD - Break Uptrend on H1 and Resistance
On time frame D1, we see a Double Bottom model and as we know it will create momentum for the bullrun wave. But overall, NZDUSD is still in the main downtrend channel so I don't think it will create momentum for the price increase.
On the H1 time frame, the uptrend has been broken, the price has retested the resistance but failed to pass and started to decline candle prices. Combining the facts above will open a SELL position
Entry: 0.66700
STOPLOSS: 0.67310
TP: 0.64350
On the H1 time frame, the uptrend has been broken, the price has retested the resistance but failed to pass and started to decline candle prices. Combining the facts above will open a SELL position
Entry: 0.66700
STOPLOSS: 0.67310
TP: 0.64350
Trade active
Note
Move Stoploss: 0.66680Trade closed manually
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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.