NZD USD Trading Strategy
This is my update H4 time frame chart analysis
Price Broken 0.65500. If the next price 0.65200 will break then the Bullish Trend line also break. It may be a clear break to reach 0.63951. There are a clear double top created near weekly trend line. That was failed to break and price bounce back. I am looking for the price goes to 0.61813 level in fact it goes to 0.60900 level. Patience is the key for success. The demand of the USD is increasing.
Why it's a valid short/sell/Bear trading idea?
1. Price 0.65500 has been broken into H4 Time Frame
2. Double top created into H4, D1 chart
3. Fake break out into H1 chart
4. Price Failed to broken weekly trend line
5. Spinning Top and a Doji candle created on top into D1 chart
6. Shooting Start and Bearish Engulfing pattern candle on top into H4 chart
If you have different idea comment here. And if you are agree with my idea put Thumbs up to me and comment me to increase confidence of my next trading idea. Trading strategy can be change any time depend on market situation. So try to understand the market. Read fundamental news. Keep you eyes on world stocks too. Stay safe!
Happy Trading :)
Price Broken 0.65500. If the next price 0.65200 will break then the Bullish Trend line also break. It may be a clear break to reach 0.63951. There are a clear double top created near weekly trend line. That was failed to break and price bounce back. I am looking for the price goes to 0.61813 level in fact it goes to 0.60900 level. Patience is the key for success. The demand of the USD is increasing.
Why it's a valid short/sell/Bear trading idea?
1. Price 0.65500 has been broken into H4 Time Frame
2. Double top created into H4, D1 chart
3. Fake break out into H1 chart
4. Price Failed to broken weekly trend line
5. Spinning Top and a Doji candle created on top into D1 chart
6. Shooting Start and Bearish Engulfing pattern candle on top into H4 chart
If you have different idea comment here. And if you are agree with my idea put Thumbs up to me and comment me to increase confidence of my next trading idea. Trading strategy can be change any time depend on market situation. So try to understand the market. Read fundamental news. Keep you eyes on world stocks too. Stay safe!
Happy Trading :)
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