Reason for Selling NZD/USD :
NZD/USD was moving between the ranges in H4 Chart for long time.
After market reaching the strongest level 0.73, market starts to fall down slowly.
Breakout happens at the bottom of the range.
After the confirmation of Breakout, the Sell signal was given.
Due to the fundamental reason, Federal Reserve Chair “Janet Yellen” Speech. NZD/USD market has went up in short time.
Finally, market re-tested the breakout level and went down few points, then enters again into the range to reach our stop loss price.
Save your time on Analyzing the market, Start to Learn, Trade Forex market in a technical ways with the help of Forex Experts team.
Don’t Trade forex market all the time, trade forex only at good opportunities available in the market.
Save your time on analyzing the market and take your trades only at good opportunities available in the market.
If you want to receive forex trading signals at best trade setup with chart analysis, subscribe now to our forex signals.