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Tuesday, May 24, 2022

NZDUSD fall +1100 Points from the Top Zone of Major and Minor Trend line.
2 mins well spent

NZDUSD Swing Trade Setup Analysis

NZDUSD Sell Zone is at the top of the down trend line.

Last 3 weeks, we are recommending our users to sell NZDUSD at this top zone of the downtrend lines.

We have given 2 NZDUSD sell signal without applying 2 days expiry rule.

Patience is highly required on those swing signals. No Patience = No gain. 

Last week, NZDUSD reached the top zone of both major and minor trend lines.

But, NZDUUSD took more time and fall down now from the top zone. 

Again, NZDUSD falls down to the higher low of the minor uptrend line. However, we are still expecting NZDUSD to keep moving between the ranges for now.

NZDUSD reached the take profit successfully after a long time (2 days expiry doesn’t apply to this signal because of slow movement)

nzdusd achieved 600 Points sell limit order

Now, follow the default signal rules, moving SL to entry price after signal reaching Target 1. 

U.S election going to come soon. we can expect big volatility in the US markets.

Always hold your trade safely by moving SL to entry price.

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It is better to do nothing, instead of taking wrong trades.

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