Sell opportunity NZDUSD
NZDUSD - As well on the monthly and weekly, we see that the price got rejected on an important level/zone.
The last candle left a big wick in the market. We see an opportunity for a good downside to the next support level.
The RSI is also overbought. This gives us a sell signal.
We place a sell stop below the last candle. The stop loss is placed above the huge wick.
I will not risk more than 1% on this trade.
Sell stop: 0.72100
SL: 0.7488
TP: 0.6800
Enjoy your Sunday.
The last candle left a big wick in the market. We see an opportunity for a good downside to the next support level.
The RSI is also overbought. This gives us a sell signal.
We place a sell stop below the last candle. The stop loss is placed above the huge wick.
I will not risk more than 1% on this trade.
Sell stop: 0.72100
SL: 0.7488
TP: 0.6800
Enjoy your Sunday.
Trade active
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