Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis, support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
The NZDUSD is giving us a nice short opportunity, if you would like to understand the reasons I believe the market is getting an upcoming trend correction, I suggest you to have a quick look on my previous NZDUSD Daily Analysis, you could check it out on my "Link to Related Ideas" or clicking the link below:
Let's focus now on the area the interests us:
The trendline resistance rejected and reversed the market two times and now that the price reached the same level again, there is still a new short opportunity, the bearish tweezer candlestick pattern could be an interesting entry point, here below the details of this trade:
ENTRY POINT: 0.71870
TAKE PROFIT: 0.70926
STOP LOSS: 0.72408
RISK/REWARD RATIO: 1.6
The NZDUSD is giving us a nice short opportunity, if you would like to understand the reasons I believe the market is getting an upcoming trend correction, I suggest you to have a quick look on my previous NZDUSD Daily Analysis, you could check it out on my "Link to Related Ideas" or clicking the link below:
Let's focus now on the area the interests us:
The trendline resistance rejected and reversed the market two times and now that the price reached the same level again, there is still a new short opportunity, the bearish tweezer candlestick pattern could be an interesting entry point, here below the details of this trade:
ENTRY POINT: 0.71870
TAKE PROFIT: 0.70926
STOP LOSS: 0.72408
RISK/REWARD RATIO: 1.6
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.