NZDUSD Sell a break setup.
NZDUSD - Intraday - We look to Sell at 0.6613 (stop at 0.6633)
Price action has formed an expanding wedge formation.
We look for losses to be extended today.
Trend line support is located at 0.6540.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.6620, which will confirm the bearish sentiment.
Our outlook is bearish.
Our profit targets will be 0.6559 and 0.6541
Resistance: 0.6770 / 0.6794 / 0.6800
Support: 0.6620 / 0.6600 / 0.6580
Price action has formed an expanding wedge formation.
We look for losses to be extended today.
Trend line support is located at 0.6540.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.6620, which will confirm the bearish sentiment.
Our outlook is bearish.
Our profit targets will be 0.6559 and 0.6541
Resistance: 0.6770 / 0.6794 / 0.6800
Support: 0.6620 / 0.6600 / 0.6580
Trade fechado: stop atingido:
Stop loss reached! -20 pips
