NZDUSD | COULD BE A GOOD SELL
Hey Traders 👋
The market is currently trending upward, but after its bullish push, we might see a retracement back to the 20 moving average or the trend line, potentially yielding 40 pips profit.
Notably, the monthly pivot point is struggling to break on both monthly and weekly timeframes. With the end of the monthly candlestick approaching in about 1 day and 8 hours, it's unlikely that this pivot will break, 4 hour RSI is also overbought.
The 12-hour upper shadow confirms bearish pressure at this pivot. Although a break is possible, it's outside our typical strategy. If considering a position, I recommend a lower lot size for safety.
The market is currently trending upward, but after its bullish push, we might see a retracement back to the 20 moving average or the trend line, potentially yielding 40 pips profit.
Notably, the monthly pivot point is struggling to break on both monthly and weekly timeframes. With the end of the monthly candlestick approaching in about 1 day and 8 hours, it's unlikely that this pivot will break, 4 hour RSI is also overbought.
The 12-hour upper shadow confirms bearish pressure at this pivot. Although a break is possible, it's outside our typical strategy. If considering a position, I recommend a lower lot size for safety.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。