NZDUSD Long Idea on smaller time frame
NZDUSD is reaching a significant support area on weekly chart. Watch for a possible counter trend bounce on a lower time frame. I will be looking for a price reversal on m15 chart.
No trade at the moment. I am waiting for a strong rejection candle in this area. Idea stop level is around 0.68.
I do not want to be involved if price breaks below 0.68 level, this is a strong move and will likely continue to the downside.
Given that its the end of the week, there could be some profit taking and a small short squeeze on lower time frame charts.
Watching for now. No trade.
No trade at the moment. I am waiting for a strong rejection candle in this area. Idea stop level is around 0.68.
I do not want to be involved if price breaks below 0.68 level, this is a strong move and will likely continue to the downside.
Given that its the end of the week, there could be some profit taking and a small short squeeze on lower time frame charts.
Watching for now. No trade.
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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.