Signal Stream - NZDUSD Short Signal
Just now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately.
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
NZDUSD has been strongly ranging sideways for the last month.
A short signal appeared in the upper portion of this range, but not quite the top. Given the strong range we've been in, it was very probably that price would move against us to continue exploring that resistance level.
Ultimately price rejected that level and dropped back down, now stalling near the bottom of the range around 0.67250.
In addition to the strong horizontal S/R level we're at, price is also sitting on an long term ascending trend line, established by lows in 2009 and 2015. Screenshot below.
Support has has been holding, but I am definitely neutral. I am looking for strength signals, however it's possible for price to break strongly to the down side. As always, I'll be waiting for Signal Stream signals.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
https://www.tradingview.com/script/XUfMqWnS-Signal-Stream/
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
NZDUSD has been strongly ranging sideways for the last month.
A short signal appeared in the upper portion of this range, but not quite the top. Given the strong range we've been in, it was very probably that price would move against us to continue exploring that resistance level.
Ultimately price rejected that level and dropped back down, now stalling near the bottom of the range around 0.67250.
In addition to the strong horizontal S/R level we're at, price is also sitting on an long term ascending trend line, established by lows in 2009 and 2015. Screenshot below.
Support has has been holding, but I am definitely neutral. I am looking for strength signals, however it's possible for price to break strongly to the down side. As always, I'll be waiting for Signal Stream signals.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
https://www.tradingview.com/script/XUfMqWnS-Signal-Stream/
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