Analysis on #NZDUSD
The NZDUSD has no current setup for me but I am interested in possible setups that may come soon, as you see the market formed a trendline resistance and trend line support as laid on the chart.
Sell Setup
>> If the market test my trend line resistance level and key resistance zone near 0.7000 big number then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 0.6700 big number then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The NZDUSD has no current setup for me but I am interested in possible setups that may come soon, as you see the market formed a trendline resistance and trend line support as laid on the chart.
Sell Setup
>> If the market test my trend line resistance level and key resistance zone near 0.7000 big number then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 0.6700 big number then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
