NZDUSD sell trade idea 04 06 2021
SELL NZDUSD 0.7151
SL: 0.7181
TP1: 0.7131
TP2: 0.7111
TP3: 0.7091
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.7151
Timeframe: H1
Step 1 - Previous News: NZD: -, USD: IHS Markit Final Services slight upward revision, ISM Services PMI increase
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 came out from over sold
- PSAR: bullish
Step 5 - Upcoming News: NZD: Bank Holiday next monday, USD: Fed Chair Powell Speaks 1900hrs, Jobs report 2030hrs
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