Since the NZDUSD has achieved resistance, we may place a sell entry with a modest risk of 30 pips. TPs are determined based on supply areas, which might be long term trades; individuals who cannot hold for long term trades can just follow TP1.
Entry Point: 0.63558
Stop Loss: 0.63958 (40 pips)
Take Profit 1: 0.62958 (60 pips)
Take Profit 2: 0.62222 (134 pips)
Take Profit 3: 0.60493 (306 pips)
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Entry Point: 0.63558
Stop Loss: 0.63958 (40 pips)
Take Profit 1: 0.62958 (60 pips)
Take Profit 2: 0.62222 (134 pips)
Take Profit 3: 0.60493 (306 pips)
If you leave a comment with a chart, I will analyse it for you.
Please stay tuned for additional analysis.
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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.