Forex Analysis NZD/USD D1/W1

in #art • 6 years ago (edited)

NZD/USD
I'm to enter the Buy trade after the breakout.
For TP to the next resistance about: 0.70700
SL below support: 0.66700

D1:
Why to enter the trade:

  • Strong support
  • Breakout
  • Fibonacci Extension(1.618 and 1.272)
    Screenshot_61.jpg

W1:
Why to enter the trade:

  • Strong support
  • Fibonacci Retracement(0.618)

Screenshot_62.jpg

My other Forex Analysis:

This post is not a financial advice. Do your own research before making investment decisions.

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6 years ago in #art by
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     6 years ago 

    Nice analysis.

    One suggestion is to wait for price to show you it wants to go higher first. Let price close above the daily trend line. Maybe use an oscillator as well like RSI or MACD to confirm upward strength.

    [-]
     6 years ago 

    Still don't have make the breakout.

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