empty
14.07.2022 07:26 AM
NZDUSD Potential For Bearish Continuation | 14th July 2022

This image is no longer relevant

On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st pullback resistance at 0.61364 in line with the 127.2% fibonacci extension and 78.6% fibonacci projection to the 1st support at 0.60333 in line with the 161.8% fibonacci extension and 100% fibonacci projection. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.62039 in line with the overlap swing high.Trading Recommendation

Entry: 0.61364

Reason for Entry:

Pullback resistance, 127.2% fibonacci extension and 78.6% fibonacci projectionTake Profit: 0.60333

Reason for Take Profit:161.8% fibonacci extension and 100% fibonacci projection

Stop Loss: 0.62039

Reason for Stop Loss:Overlap swing high

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback