NZDUSD Approaching Resistance, Prepare For Reversal
Sell below 0.6717.
Stop loss at 0.6765.
Take profit at 0.6635.
Reason for the trading strategy (technically):
NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected.
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding drop is expected.
Stop loss at 0.6765.
Take profit at 0.6635.
Reason for the trading strategy (technically):
NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected.
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding drop is expected.
Aviso legal
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