NZDUSD sell trade idea 17 06 2021
SELL NZDUSD 0.7075
SL: 0.7105
TP1: 0.7055
TP2: 0.7035
TP3: 0.7015
Signal Analysis by LCMS Traders
Currency Pair: NZDUSD
SELL NZDUSD 0.7075
Timeframe: H1
Step 1 - Previous News: NZD: GDP q/q rebound in economic growth, USD: Housing data decline, Monetary policy unchanged, initial discussions on cutting back QE
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow turning down
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: NZD: -, USD: Unemployment Claims 2030hrs
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