Main Quotes Calendar Forum
flag

FX.co ★ NZD/USD Profit Target Reached Perfectly, Prepare For A Drop

parent
Forex Analysis:::2018-05-17T03:50:47

NZD/USD Profit Target Reached Perfectly, Prepare For A Drop

The price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support).

Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur.

Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855.

NZD/USD Profit Target Reached Perfectly, Prepare For A Drop
Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...