Get started
New Zealand Dollar / U.S. Dollar

your trading plan for nzd usd

By VasilyTrader
Updated
snapshot

hey traders,

I want to share with you my thought about nzdusd pair.
We see a steady bullish movement inside a bullish channel.
As the market approached 0.694 level, we see a formation of a double top pattern and a rejection candle.

Discussing this market sentiment on Friday with my clients, we have sold the violation of local support line of a double top.
snapshot
Our initial target is above 0.687 level.

as the market reaches this level of structure,
we will either see a bullish continuation or a bearish violation of a channel.

Bearish violation of this channel will trigger a subsequent selling reaction,
so we will see a bearish continuation to lower levels of structure.

Good luck!

If you have question dont hesitate to text me in pm!
Comment
retest of a broken support and bearish continuation
Comment
market is entering a decision point
Comment
test of support
Comment
0.69 level is under pressure
Double Top or BottomParallel ChannelSupport and Resistance
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.