NZDUSD Daily S/R| .618 Fib| Swing Low| 200 MA| Price Action
Evening Traders,
Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R.
Points to consider,
- Price Action Impulse
- Local S/R Support (200 MA Confluence)
- Daily S/R Resistance (.618 Fib Confluence)
- RSI above 50
- Stochastics Sell Cross
NZDUSD’s immediate price action is has been impulsive from swing low, confirming local S/R with a close above the 200 MA will signify strength.
The Daily S/R in confluence with the .618 Fibonacci is immediate resistance. A respect of this level is likely upon first test as price is getting over extended.
RSI is at resistance whilst the stochastics has a valid sell cross coming to fruition. This is indicative of momentum shifting in the immediate short term.
Overall, in my opinion, NZDUSD is a valid short at Daily S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember!
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R.
Points to consider,
- Price Action Impulse
- Local S/R Support (200 MA Confluence)
- Daily S/R Resistance (.618 Fib Confluence)
- RSI above 50
- Stochastics Sell Cross
NZDUSD’s immediate price action is has been impulsive from swing low, confirming local S/R with a close above the 200 MA will signify strength.
The Daily S/R in confluence with the .618 Fibonacci is immediate resistance. A respect of this level is likely upon first test as price is getting over extended.
RSI is at resistance whilst the stochastics has a valid sell cross coming to fruition. This is indicative of momentum shifting in the immediate short term.
Overall, in my opinion, NZDUSD is a valid short at Daily S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember!
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Join my free telegram! t.me/chartdoctorsanconsultants
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Follow me on Twitter! twitter.com/pinkdawn__
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