NZDUSD: SELL SETUP
NZDusd as been in a clear uptrend since the past week but looking at price reaction and rejection towards the 0.616 level, I think buys sentiment is getting exhausted as H4 timeframe shows weakness with a bearish engulfing candle.
I expect price to move from where it is currently towards 0.606 level and maybe into 0.600 level. Looking at the Daily Timeframe, NZDUSD has been in a range, so it is much easier to predict price direction of where buyers and sellers would be . Every information to take this trade is quite explanatory in the chart .
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
I expect price to move from where it is currently towards 0.606 level and maybe into 0.600 level. Looking at the Daily Timeframe, NZDUSD has been in a range, so it is much easier to predict price direction of where buyers and sellers would be . Every information to take this trade is quite explanatory in the chart .
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Penafian
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