NZD/USD-Daily overview
Updated
Hello everyone!
-On a daily time frame, we can see that the price tested and rejected a strong resistance zone, and then the price formed a nice pin bar candle.
-We can see that the price tested and rejected multiple times resistance zone so I consider that zone as a strong resistance zone.
-The Stochastic indicator is showing a bearish regular divergence so we have an extra confirmation to enter a sell order.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
-On a daily time frame, we can see that the price tested and rejected a strong resistance zone, and then the price formed a nice pin bar candle.
-We can see that the price tested and rejected multiple times resistance zone so I consider that zone as a strong resistance zone.
-The Stochastic indicator is showing a bearish regular divergence so we have an extra confirmation to enter a sell order.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Comment
Please also check weekly setup on this pair before taking any action!
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.