NZD/USD likely to fall!
Hey tradomaniacs,
NZD/USD is testing a nice resistance-zone to go short.
Currently it looks like we see distribution which is likely to result in a break
of the current support at 0,61670.
If we get a break here soon we could consider to short with a nice risk-reward!
Orderflow looks bearish so far after the recent v-reversal showing fakemoves
to attract buyers!
WATCH OUT: Today is the small expiration day, means volatility is possible
especially since leveraging is so extremly unilateral.
Brokers / market makers might have to close there hedge-positions and so cause wild moves.
What do you think?
NZD/USD is testing a nice resistance-zone to go short.
Currently it looks like we see distribution which is likely to result in a break
of the current support at 0,61670.
If we get a break here soon we could consider to short with a nice risk-reward!
Orderflow looks bearish so far after the recent v-reversal showing fakemoves
to attract buyers!
WATCH OUT: Today is the small expiration day, means volatility is possible
especially since leveraging is so extremly unilateral.
Brokers / market makers might have to close there hedge-positions and so cause wild moves.
What do you think?
Note
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.
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.