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MEX_Exchange
19. Okt. 2017 02:28

NZDUSD testing major support, remain bullish Long

New Zealand Dollar/U.S. DollarFXCM

Beschreibung

Buy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245.
Reason for the trading strategy (technically):
Price has been testing our major support atc0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from.
Kommentare
forexshooter
Your trade idea is good, following you in this idea.
forexshooter
@forexshooter, Stopout....
vpssn
thank you for providing us ideas to trade from! hope this one is profitable!
binokaj
Hi MEX_Exchange, really respect the analysis you do. What is your take on harmonics?
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