NZD/USD | Potential Downward Movement
💡 Trade Idea
📉 Sell Order EUR/AUD @ 1.6303
🎯 Target Profit 1.6146
🛑 Stop Loss 1.6372
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description: The pair failed to close above the daily resistance (1.6336) and it posted a head and shoulders which indicates a reversal. The price manages close below the highlighted zone and breakout of the channel to the downside which signals a move downward.
📉 Sell Order EUR/AUD @ 1.6303
🎯 Target Profit 1.6146
🛑 Stop Loss 1.6372
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description: The pair failed to close above the daily resistance (1.6336) and it posted a head and shoulders which indicates a reversal. The price manages close below the highlighted zone and breakout of the channel to the downside which signals a move downward.
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