NZDUSD Likely to get Resistance
2 simple scenarios here, the first one is the black line at 0.7316 should act as resistance as it has previously done many times as shown by the blue cirlces. I have set an order to go short with a stop loss at 0.7352 (214 pips) and a take profit at 0.6843 (474 pips) which has acted as support for sometime.
The second scenario will be a break out situation where the price breaks the resistance. If this happens I will again wait for a pull back to the black line before setting an order to go long. Usually in a break out situation the previous resistance acts as support and this is what I will look to trade if that happens.
This trade should easily take a few months to complete.
The second scenario will be a break out situation where the price breaks the resistance. If this happens I will again wait for a pull back to the black line before setting an order to go long. Usually in a break out situation the previous resistance acts as support and this is what I will look to trade if that happens.
This trade should easily take a few months to complete.
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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.