FX.co - NZDUSD reacted below descending trendline resistance and further push down expected!

2020-06-19T03:08:29

Long-term review

Trading Recommendation

Entry: 0.64186

Reason for Entry: Graphical overlap

Take Profit: 0.63813

Reason for Take Profit: 161.8% Fibonacci extension, graphical swing low

Stop Loss: 0.64389

Reason for Stop Loss: 50% Fibonacci retracement, descending trendline resistance

*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 reacted below descending trendline resistance and further push down expected!