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13 Th04 2018 03:08

NZDUSD Testing Resistance, Prepare For A Drop Giá xuống

New Zealand Dollar/U.S. DollarFXCM

Mô tả

Sell Below 0.7378. Stop loss at 0.7436. Take profit at 0.7261.
Reason for the trading strategy (technically):
NZDUSD is testing its resistance at 0.7378 (100% Fibonacci extension, 78.6% Fibonacci retracement), where we expect to see a reaction, causing price to drop to its support at 0.7261 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support). We do need to be cautious of the intermediate support at 0.7319 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where we expect to see a corresponding reaction. Bearish divergence with price has also been identified which contributes to our bearish bias.
Bình luận
BigBuxTrading
going to .7200 imo
Glendoonie
@sdubyag, Let it fall :-)
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