Hi traders,
On the NZDUSD we can see that price has broken the support area a few days ago. Now I'm looking for this support area to turn into a resistance area. It's also near the 38.2% Fibonacci retracement of the bigger downwards move.
Entry: 0.72400
Stop: 0.72604
Target: 0.71797 = R:RR 2.96
Good luck traders! Updates will follow.
On the NZDUSD we can see that price has broken the support area a few days ago. Now I'm looking for this support area to turn into a resistance area. It's also near the 38.2% Fibonacci retracement of the bigger downwards move.
Entry: 0.72400
Stop: 0.72604
Target: 0.71797 = R:RR 2.96
Good luck traders! Updates will follow.
Trade closed: target reached
Perfection!
Related publications
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.
Related publications
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.