NZD/USD Analysis : Market hits the low level and bouncing up now.
NZD/USD trying to make Retracements in a downtrend.
Wait for the confirmation to sell this pair for making another big profits in a down trend.
Note : If the market is in downtrend, please find only a good Selling Opportunity in the market, even if you found any good buying opportunity in a downtrend, you should not take more risk. Because, market always move more and faster depends on the way of Trend.
Just follow this simple rule : Uptrend = Place only Buy order at good Buying Opportunity.
Downtrend = Place only Sell order at good Selling Opportunity.
Trend is always a Friend if you know how to read the markets in a correct way.
Thank you for your great analysis!!
I wish you Happy New Year with a lot of love and lucky!!
Hi, may I ask what would be like the confirmation to sell in NZDUSD?
Thank you
You need to wait for the market to Breakout the support level 0.6850. Once Breakout happens, then you can keep selling this pair until the next bottom zone.