Selling Opportunity on NZDUSD - Entry: 0.62746
Hello everyone, I'm currently looking for a selling opportunity on NZDUSD. Here are the reasons for a potential bearish movement/continuation:
We have witnessed a breakout of the upward channel.
The entry point is essentially a retest of the upward channel, which now acts as resistance.
There has been a structure breakdown (BOS).
The price is in the 0.5 - 0.618 Fibonacci retracement zone.
In terms of correlation with the DXY, the dollar has shown a recovery and is now trading above 100.000 points. This suggests a possible appreciation of the dollar against other currencies, including the NZD, as seen on the chart.
Entry price:
0.62746
Stop loss:
0.63247
Take profit:
0.61322
Risk-to-reward ratio: 1:2.5
Let's see how this trade unfolds!
We have witnessed a breakout of the upward channel.
The entry point is essentially a retest of the upward channel, which now acts as resistance.
There has been a structure breakdown (BOS).
The price is in the 0.5 - 0.618 Fibonacci retracement zone.
In terms of correlation with the DXY, the dollar has shown a recovery and is now trading above 100.000 points. This suggests a possible appreciation of the dollar against other currencies, including the NZD, as seen on the chart.
Entry price:
0.62746
Stop loss:
0.63247
Take profit:
0.61322
Risk-to-reward ratio: 1:2.5
Let's see how this trade unfolds!
Trading ditutup secara manual
Closed at break even
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.