NZDUSD sell trade idea 02 06 2021
SELL NZDUSD 0.7236
SL: 0.7266
TP1: 0.7216
TP2: 0.7196
TP3: 0.7176
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.7236
Timeframe: H1
Step 1 - Previous News: NZD: -, USD: Final Manufacturing PMI slight upward revision, ISM Manufacturing PMI increase in the pace of expansion
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: NZD: -, USD: -
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