NZDUSD 4HR IDEA 9/11/19
NZDUSD has been primarily bearish on higher time-frames so this trade is with that overall trend in mind.
Current price action is within a 4hr range with resistance at 0.64475 and support at 0.64080
Looking for a break of support at 0.64080 and will target toward 0.62875 on a confirmed retest.
If price action breaks toward the upside we would need to see a significant push through this range, the 200ema, & monthly resistance at 0.64600. Will need to see strong bullish signals to change our sentiment.
Until then we are playing the short game.
NZDUSD has been primarily bearish on higher time-frames so this trade is with that overall trend in mind.
Current price action is within a 4hr range with resistance at 0.64475 and support at 0.64080
Looking for a break of support at 0.64080 and will target toward 0.62875 on a confirmed retest.
If price action breaks toward the upside we would need to see a significant push through this range, the 200ema, & monthly resistance at 0.64600. Will need to see strong bullish signals to change our sentiment.
Until then we are playing the short game.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.