MEX_Exchange

NZDUSD under major resistance, time to start selling

Penjualan
FX:NZDUSD   Dollar New Zealand / Dollar AS
Sell below 0.7174. Stop loss at 0.7210. Take profit at 0.7087.
Reason for the trading strategy (technically):
Price is experiencing major resistance and we take this opportunity to start selling. We look to sell below 0.7174 resistance (Fibonacci retracement, descending resistance, horizontal overlap resistance) for a push down to at least 0.7087 support (Fibonacci extension, Elliott wave theory).
RSI (55) is seeing descending resistance similar to price holding it down.
Pernyataan Penyangkalan

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