Description :
Looking at the H4 chart, my overall bias for NZDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a sell entry at 0.61945 where the overlap support is. We are looking to take profit at 0.60227 where the 50% Fibonacci line is, Stop loss will be placed at 0.62673, where the recent swing high is.
Trading Recommendation
Entry: 0.61945
Reason for Entry:Overlap support
Take Profit: 0.60227
Reason for Take Profit:
50% Fibonacci line
Stop Loss: 0.62673,
Reason for Stop Loss:
the recent swing high
