NZDUSD Short Trade Idea

97
Seems like NZD will break out of it's range finally. Should head down to at least daily demand. The H4 supply zone has been visited but the H4 Demand zone has been seen many times. Good economic news for the US this week may be key to taking this pair back to the daily demand zone. If it does, expect price to rock out of it since there was not many orders taken the last time it was there. Using Fib Retracement levels 78.6 and 88.6 to identify zones. Also, the RSI is showing exhaustion finally but no divergence yet...Solid Lines are H4 Supply and Demand, Dashed Lines are Daily Supply and Demand.

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.