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NZDUSD sell trade idea 17 06 2021

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#OPINIONLEADER# #Signal#

SELL NZDUSD 0.7075

SL: 0.7105

TP1: 0.7055

TP2: 0.7035

TP3: 0.7015

Signal Analysis by LCMS Traders 

Currency Pair: NZDUSD

SELL NZDUSD 0.7075 

Timeframe: H1

Step 1 - Previous News: NZD: GDP q/q rebound in economic growth, USD: Housing data decline, Monetary policy unchanged, initial discussions on cutting back QE

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast up, slow turning down

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: NZD: -, USD: Unemployment Claims 2030hrs


NZDUSD sell trade idea 17 06 2021



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