2021.9.17 MM's daily technical analysis -SHORT NZDUSD
Hi traders,
NZDUSD has been struggling around 0.71450 trying to break the resistance but failed for days. We have witnessed a comparatively strong downward momentum on the 16th of Sep.
On the hourly chart we can see a downward breakthrough of the 0.7080 level and a short-term low level consolidation would be expected. But long-term wise speaking we would expect a downward movement of NZDUSD turning it back to the consolidation area around 0.70640-0.68020. A retouch of the August low 0.68130 is possible but profit may be cut if a weakening of the momentum is witnessed.
My own trading system CLAM has indicated to go short after the close of the previous daily bar and a trade idea is now established to go short on NZDUSD.
Expected OP: 0.70650 SL:0.71450 TP:0.68130
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l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
NZDUSD has been struggling around 0.71450 trying to break the resistance but failed for days. We have witnessed a comparatively strong downward momentum on the 16th of Sep.
On the hourly chart we can see a downward breakthrough of the 0.7080 level and a short-term low level consolidation would be expected. But long-term wise speaking we would expect a downward movement of NZDUSD turning it back to the consolidation area around 0.70640-0.68020. A retouch of the August low 0.68130 is possible but profit may be cut if a weakening of the momentum is witnessed.
My own trading system CLAM has indicated to go short after the close of the previous daily bar and a trade idea is now established to go short on NZDUSD.
Expected OP: 0.70650 SL:0.71450 TP:0.68130
-----------------------------------------------
l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
Dagangan aktif
Trade is now live.OP: 0.70650 SL:0.71450 TP:0.68130
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.