HIGH-RISK UPTREND OPPORTUNITY
The NZDUSD pair is currently experiencing a high-timeframe downtrend. However, the recent price action indicates a potential short-term retracement to the upside. While this upward movement may offer trading opportunities, it's essential to approach with caution.
Key Levels to Watch:
SLO @ 0.7145 โณ
TP4 @ 0.6923
TP3 @ 0.6654
TP2 @ 0.6479
TP1 @ 0.6228
BSO2 @ 0.5971 โณ
BSO1 @ 0.5815 ๐
Risk Warning:
The NZDUSD pair is currently experiencing a high-timeframe downtrend. However, the recent price action indicates a potential short-term retracement to the upside. While this upward movement may offer trading opportunities, it's essential to approach with caution.
Key Levels to Watch:
SLO @ 0.7145 โณ
TP4 @ 0.6923
TP3 @ 0.6654
TP2 @ 0.6479
TP1 @ 0.6228
BSO2 @ 0.5971 โณ
BSO1 @ 0.5815 ๐
Risk Warning:
- Holding a long position above the 0.7034 level is considered high-risk due to the underlying downtrend.
- Traders should exercise extreme caution and implement strict risk management strategies.
- Holding a long position above the 0.7034 level is considered high-risk due to the underlying downtrend.
- Traders should exercise extreme caution and implement strict risk management strategies.
Professor C. E. Ward
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.
Professor C. E. Ward
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.