💡 Two Sell opportunity in NZDUSD , Mid-Term & Short-Term for FX:NZDUSD by ForecastCity — TradingView

Second Chance Trade Setup summary:

Profit targets= 3923 = { TP1 =104 + TP2 =219 + TP3 =344 + TP4 = 579 + TP5 = 639 + TP6 =789 + TP7 =1249}

Stop Loss =497

Reward/Risk > 709 : 1

New Trading suggestion:

“. There is still a possibility of temporary retracement to suggested resistance line (0.6719) again.

if so, traders can set orders based on Price Action and expect to reach short-term targets.”

New Take Profits:

TP1 = @0.6615

TP2 = @0.6500

TP3 = @0.6375

TP4 = @0.6240

TP5 = @0.6080

TP6 = @0.5930

TP7 = @0.5470

TP8 = Free

SL= Break above 0.6790

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First Sell Current Status:

Total Profit: 570

Closed trade(s): 52 Profit

Open trade(s): 518 Profit

Trade Setup:

We opened 8 Sell trade(s) @ 0.6667 based on ‘previous Forecast’ at 09.21.2020:

Closed Profit:
TP1 @ 0.6615 touched at 2020.07.28 with 52 Profit.

Open Profit:

Open trade is 0.6593(current price) – 0.6667(open price) = 74

7 trade(s) still open, therefore total profit for open trade(s) is 74 x 7 = 518

Technical analysis:

. EURUSD is in a range bound and the beginning of downtrend is expected.

. The price is below the 21-Day WEMA which acts as a dynamic resistance.

. The RSI is at 67.

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Short-Term Forecast

Trading suggestion:

“. There is still a possibility of temporary retracement to suggested resistance line (0.6614).

if so, traders can set orders based on Price Action and expect to reach short-term targets.”

Technical analysis:

. NZDUSD is in a downtrend and the continuation of downtrend is expected.

. The price is below the 21-Day WEMA which acts as a dynamic resistance.

. The RSI is at 38.

Take Profits:

TP1= @ 0.6575

TP2= @ 0.6500

TP3= @ 0.6446

TP4= @ 0.6375

TP5= @ 0.6333

SL: Break Above R2

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