FX.co - NZDUSD short term bounce towards long term descending trendline

2020-03-23T08:43:56

Long-term review

Trading Recommendation

Entry: 0.55750

Reason for Entry: 100% Fibonacci extension, 78.6% Fibonacci retracement

Take Profit : 0.58288

Reason for Take Profit: 61.8% Fibonacci retracement, long term descending trendline resistance

Stop Loss: 0.54694

Reason for Stop loss: Horizontal swing low

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZDUSD short term bounce towards long term descending trendline