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Nzdusdsell

NZDUSD Rally Overdone: A Potential SELL tradeDear Traders, in my previous NZDUSD idea I advised you to buy NZDUSD at 0.62 area. That trade went great and all 3 targets have been achieved. Now, I would like to present a possible short set-up through this idea. As you might have already noticed, persistent USD sell-off coupled with the fact that a US-China trade deal is on the cards is helping risk assets like NZD,AUD, etc to find some bids. However, in reality, the situation is not as rosy as it seems when it comes to the world economy. So, there are plenty of risks that can make investors very wary of buying risk assets like NZD. The current rally in NZDUSD looks like it's about to end very soon. So, traders can observe the price action in a lower Time frame and in case of weakness, traders can look for SELLs between 0.6735-.06780 with SL above 0.6850. TPs can be set at 0.6610 and 0.6480 respectively.
Short
by TraderAvDM
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