NZDUSD sell trade idea 30 08 2021
SELL NZDUSD 0.6997
SL: 0.7027
TP1: 0.6977
TP2: 0.6957
TP3: 0.6937
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.6997
Timeframe: H1
Step 1 - Previous News: NZD: -, USD: Possibility of "dovish tapering."
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 coming out from over bought heading down
- PSAR: near bearish
Step 5 - Upcoming News: NZD: -, USD: Pending Home Sales 2200hrs
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