NZDUSD sell trade idea 19 07 2021
SELL NZDUSD 0.6969
SL: 0.6999
TP1: 0.6949
TP2: 0.6929
TP3: 0.6909
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.6969
Timeframe: H1
Step 1 - Previous News: NZD: -, USD: Retail Sales stronger than expected increase, Preliminary UoM Consumer Sentiment decline
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: NZD: -, USD: -
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