Good Afternoon Traders,
This is the last trading day of the month and we have seen interesting moves play out today. Lots of volatility came into the markets today.
Last week we had analyzed NZD/USD And managed to catch a nice swing to the upside, I’ve been monitoring price to see if it will break the resistance or reject, Price has rejected the resistance and now we can look for potential shorts to the nearest support of around 0.646
Price has pushed down aggressively leaving a supply for us to get in on the action, I will be on alert to see how price reacts. I would like to see signs of rejection and a potential bearish push at the supply before entering.
Remember not to force anything, wait for price to show us what it wants to do and we can simply react.
Have a great evening
Renaldo Philander.
This is the last trading day of the month and we have seen interesting moves play out today. Lots of volatility came into the markets today.
Last week we had analyzed NZD/USD And managed to catch a nice swing to the upside, I’ve been monitoring price to see if it will break the resistance or reject, Price has rejected the resistance and now we can look for potential shorts to the nearest support of around 0.646
Price has pushed down aggressively leaving a supply for us to get in on the action, I will be on alert to see how price reacts. I would like to see signs of rejection and a potential bearish push at the supply before entering.
Remember not to force anything, wait for price to show us what it wants to do and we can simply react.
Have a great evening
Renaldo Philander.
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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.
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.