NZD-USD BEARISH BAT FORMATION (SELL OPPORTUNITY)
NZD-USD IS TRADING AT HIGHEST OF YEAR 2020. AUD & NZD HAS BEEN STRONGEST SINCE MARCH-2020 AMID BROAD US DOLLAR WEAKNESS. STILL NZD-USD IS NOT SHOWING ANY SIGN OF WEAKNESS. ON DAILY CHART.
PAIR HAS BEEN APPROACHING HIGHS OF 2020 BUT PACE OF BULLS IS GRADUALLY REDUCING AFTER EACH SWING HIGHER. ON H-4 CHART PAIR HAS FORMED BEARISH BAT FORMATION WHICH COMPLETED AT 0.6768.
CURRENTLY IT IS TRADING ABOVE SELL PRICE OF BEARISH BAT FORMATION, WHICH GIVES BETTER RISK REWARD OPPORTUNITY.
SELL ENTRY: 0.6768
STOP LOSS: 0.6813
TARGET-1: 0.6722
TARGET-2: 0.6675
PAIR HAS BEEN APPROACHING HIGHS OF 2020 BUT PACE OF BULLS IS GRADUALLY REDUCING AFTER EACH SWING HIGHER. ON H-4 CHART PAIR HAS FORMED BEARISH BAT FORMATION WHICH COMPLETED AT 0.6768.
CURRENTLY IT IS TRADING ABOVE SELL PRICE OF BEARISH BAT FORMATION, WHICH GIVES BETTER RISK REWARD OPPORTUNITY.
SELL ENTRY: 0.6768
STOP LOSS: 0.6813
TARGET-1: 0.6722
TARGET-2: 0.6675
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.