Selling Opportunity on NZDUSD - Entry: 0.62746
Hello everyone, I'm currently looking for a selling opportunity on NZDUSD. Here are the reasons for a potential bearish movement/continuation:
We have witnessed a breakout of the upward channel.
The entry point is essentially a retest of the upward channel, which now acts as resistance.
There has been a structure breakdown (BOS).
The price is in the 0.5 - 0.618 Fibonacci retracement zone.
In terms of correlation with the DXY, the dollar has shown a recovery and is now trading above 100.000 points. This suggests a possible appreciation of the dollar against other currencies, including the NZD, as seen on the chart.
Entry price:
0.62746
Stop loss:
0.63247
Take profit:
0.61322
Risk-to-reward ratio: 1:2.5
Let's see how this trade unfolds!
We have witnessed a breakout of the upward channel.
The entry point is essentially a retest of the upward channel, which now acts as resistance.
There has been a structure breakdown (BOS).
The price is in the 0.5 - 0.618 Fibonacci retracement zone.
In terms of correlation with the DXY, the dollar has shown a recovery and is now trading above 100.000 points. This suggests a possible appreciation of the dollar against other currencies, including the NZD, as seen on the chart.
Entry price:
0.62746
Stop loss:
0.63247
Take profit:
0.61322
Risk-to-reward ratio: 1:2.5
Let's see how this trade unfolds!
تم إغلاق الصفقة يدويًا
Closed at break even
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.