Sell entry 0.7150. Stop loss at 0.7220. Take profit at 0.7070.
Reason for the trading strategy (technically) :
Price has reached our profit target perfectly from Friday. We remain bearish looking to sell on strength at 0.7150 for a further drop to 0.7070.
Stop loss is wider today because of the market fluctuations we expect post Non-Farm Payroll and is at our recent swing high at 0.7220.
RSI (21) is below our 50% level signalling a bearish move is still in progress.
Reason for the trading strategy (technically) :
Price has reached our profit target perfectly from Friday. We remain bearish looking to sell on strength at 0.7150 for a further drop to 0.7070.
Stop loss is wider today because of the market fluctuations we expect post Non-Farm Payroll and is at our recent swing high at 0.7220.
RSI (21) is below our 50% level signalling a bearish move is still in progress.
Exness - NZDUSD profit target reached. Remain bearish
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