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SHORT:NZD/USD : Rising Trend Channel Keeps Buyers Might Be Hopeful

NZD/USD declines to 0.6630 amid the initial trading session on Tuesday. The pair takes a U-turn from the fresh five-month high flashed at the end of Monday’s US session.

Even so, a weekly rising trend channel keeps the buyers hopeful. In doing so, pair’s run-up beyond 0.6640 will push buyers towards early-June month high near 0.6680 whereas 0.6700 round-figure could lure the Bulls then after.

Signal Specification

Pair:NZD/USD
Entry Type:SELL
Entry: 0.66279
Tp: 0.63235
Sl: 0.67924
R/R: 1.85
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
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Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
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24 Dec 2019 12:43 pm Posted by tamilforex