NZDUSD - Downside continuation-Looking for further short entries
For those who aren't yet in the sell, in
NZDUSD
, we are monitoring the pair closely on minor time frames. On the 60 min chart consolidation happening now, the pair seems to be going for a further minor movement to the upside. If it happens, do not miss this. Let me remind you that the weekly target is the 0.27 of the previous weekly impulse to the downside first, and the final target is in the 0.5 area (yes, that is correct!).
Please remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes.
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
NZDUSD
, we are monitoring the pair closely on minor time frames. On the 60 min chart consolidation happening now, the pair seems to be going for a further minor movement to the upside. If it happens, do not miss this. Let me remind you that the weekly target is the 0.27 of the previous weekly impulse to the downside first, and the final target is in the 0.5 area (yes, that is correct!). Please remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes.
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.