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Nazusd

NZDUSD: 1H analysisHi guys I hope you have used the previous analyzes correctly and have benefited In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected: tp1: 0612 tp2: 0.609 tp3: 0.6068 In case of strong crossing of 0.6164 resistance, this analysis is invalid.
Short
by Money_hunters
NZDUSD Best Setup Time to divorce GOLD 1 Structure 1/2 : bullish to sideways down 2 imbalances :target marked 3 Current Move 3: impulse 4 Entry TF : D1 4.1 ETF Structure: Bearish 4.2 move : Correction CIP 5 CIP 6 FIB: strong rejection at 50 almost done 7 candle Pattern: Up Momentum but not able to break resistance 8 Chart Pattern: Falling wedge REsistence 9 Volume : Very high on reversal 10 Momentum: Bearish to side ways 11 Volatility : Somewhere bullish 12 strength: curve bearish in bearish 13 Sentiment : weakest in commodities driven 14 Final conclusion: for refine your entry you also need to switch your tf in d1 to h4 15 Buy /Sell/Wait : Sell 16 Entry: 0.6225 17 Sl: 0.6255 18 Tp: 0.5856 19 Risk to reward Ratio: 1:17 Excepted Duration : 15days
Short
by Optimum369