Evening Traders,
Today’s analysis – NZDUSD – Trading below current Local S/R where a rejection is probable,
Points to consider,
- Price Action impulsive
- Local S/R Resistance
- .618 Fibonacci Resistance
- Oscillators Neutral
NZDUSD’s immediate price action is impulsive, trading below its Local S/R that has technical confluence with the .618 Fibonacci, allowing for a short bias.
The current Oscillators are trading neutral in their respective bearish control zones, remaining in these regions is indicative of weakness.
Volume Profile is currently below average, an influx is needed when a true expansion occur to help avoid false breaks.
Overall, in my opinion, NZDUSD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s analysis – NZDUSD – Trading below current Local S/R where a rejection is probable,
Points to consider,
- Price Action impulsive
- Local S/R Resistance
- .618 Fibonacci Resistance
- Oscillators Neutral
NZDUSD’s immediate price action is impulsive, trading below its Local S/R that has technical confluence with the .618 Fibonacci, allowing for a short bias.
The current Oscillators are trading neutral in their respective bearish control zones, remaining in these regions is indicative of weakness.
Volume Profile is currently below average, an influx is needed when a true expansion occur to help avoid false breaks.
Overall, in my opinion, NZDUSD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.