Get started
New Zealand Dollar / U.S. Dollar
Short

NZDUSD SELL SETUP

By d_ademi
Updated
This is a sell setup for me.We have a 1hr impulse followed by an abc correction so far,it may be a more complex correction we dont know that thats why its better to wait for the breakout until you sell. If you are an aggressive trader you can sell the 0.618 fibonacci level with stops above 0.7370, which would give you a great risk reward ratio but with a greater risk of being wrong. Targetting 0.72000 first then 0.71000 and if it goes there we'll wait for it to break or bounce from that trendline
Trade active
Trade active
Bearish PatternsFibonaccilevelNZDNZDUSDSELLsetupshortUSDwave

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.