Intro: We have reached our profit target on NZDUSD and now it’s testing major support. We look to buy for a bounce.
Buy above 0.7272. Stop loss at 0.7215. Take profit at 0.7374.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target and we’re seeing major support above 0.7272 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) where a bounce would push price up towards 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 7.6% and also sees bullish divergence vs price signalling that a bounce is impending.
Buy above 0.7272. Stop loss at 0.7215. Take profit at 0.7374.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target and we’re seeing major support above 0.7272 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) where a bounce would push price up towards 0.7374 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 7.6% and also sees bullish divergence vs price signalling that a bounce is impending.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.