MEX_Exchange

NZDUSD right on resistance, sell for a corrective drop

Penjualan
FX:NZDUSD   Dollar New Zealand / Dollar AS
Sell below 0.7528. Stop loss at 0.7560. Take profit at 0.7461.
Reason for the trading strategy (technically):
Price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance below 94% where we expect a reaction from soon.
Pernyataan Penyangkalan

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