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NZDUSD sell trade idea 16 06 2021

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#OPINIONLEADER# #Signal#

SELL NZDUSD 0.7140

SL: 0.7170

TP1: 0.7120

TP2: 0.7100

TP3: 0.7080

Signal Analysis by LCMS Traders 

Currency Pair: NZDUSD

SELL NZDUSD 0.7140 

Timeframe: H1

Step 1 - Previous News: NZD: -, USD: Retail sales indicated a decline

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touching, slow up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: NZD: GDP q/q tomorrow 0645hrs, USD: Housing data 2030hrs, Monetary policy decision tomorrow 0200hrs


NZDUSD sell trade idea 16 06 2021



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