Wednesday , September 19 2018
Home » Technical Analysis » Forex » Further monitoring for NZD/USD
WELLINGTON, NEW ZEALAND - OCTOBER 20: New Zealand flags fly in front of The Beehive during the Commission Opening of Parliament at Parliament on October 20, 2014 in Wellington, New Zealand. This is the first ceremony for the official opening of New Zealand's 51st Parliament. (Photo by Hagen Hopkins/Getty Images)

Further monitoring for NZD/USD

Monitoring the trade for NZD/USD

After a free fall for the Kiwi last week, this pair is now slowly rebounding to its supply zone at around from 0.66240 -0.668xx. I still prefer to sell NZD/USD in the next coming time as updated; anyway in trading we need some trading tactics to apply for our TA, in which we have to recognize that any earlier sell that pair at around the level 0.676xx can still be on hold. Later entry, or entry at lower price level recently, then we need to keep waiting for the prices form their pattern again and start taking action on it accordingly.

  • Keep waiting price reaches 0.666xx level ( what for number 😀 )
  • Price meets its strong supply zone again and forming lower lows at D1 TF
  • Think about a sell to reach the target at W3 as depicted on the chart

 

 

NZD/USD is bearish heavily, sell it!

 

Download our trading signals App at Play store to get more updates: https://play.google.com/store/apps/details?id=com.m2mfxsignals.android

Trade well!

 

m2mfxsignals

About m2m

Check Also

Europe roundup: Sterling off 1-1/2 month peak on renewed Brexit fears, Swiss Franc at 5-month high as U.S. – China trade war escalates, European shares nudge up – Tuesday, September 18th, 2018

Europe roundup: Sterling off 1-1/2 month peak on renewed Brexit fears, Swiss Franc at 5-month …

Trump sets a (tariffs) date

Trump ratchets up the tariff pressure, while North Korea’s Kim Jong Un prepares for a summit …

Leave a Reply

Your email address will not be published. Required fields are marked *