NZD/USD approaching selling area, remain bearish

The price is once again rising and reaching our selling area. We prepare to sell below major resistance at 0.7244 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.7178 support (Fibonacci extension, horizontal swing low support) once again.

Stochastic (21,3,1) is seeing strong resistance at 95% where we expect a drop from.

Sell below 0.7244. Stop loss is at 0.7300. Take profit is at 0.7178.

Article Source

Добавить комментарий

Яндекс.Метрика