SHORT NZDUSD Is Approaching Resistance, Prepare For A Reversal!
Signal ID : 5202
Sell Entry @ 0.6913
Take Profit @ 0.6834
Stop Loss @ 0.6973
Price is testing its resistance at 0.6913(88.6% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance), where we expect to see a reversal, causing price to fall to its support at 0.6834(50% Fibonacci retracement , horizontal pullback support).
Stochastic is also seeing a bearish divergence and is approaching our resistance which contributes to our bearish bias.
Sell Entry @ 0.6913
Take Profit @ 0.6834
Stop Loss @ 0.6973
Price is testing its resistance at 0.6913(88.6% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance), where we expect to see a reversal, causing price to fall to its support at 0.6834(50% Fibonacci retracement , horizontal pullback support).
Stochastic is also seeing a bearish divergence and is approaching our resistance which contributes to our bearish bias.