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Title
NZDUSD, H4 | Potential for Bearish Drop to recent swing low
Type
Bearish Reversal
Preference:
Looking at the H4 chart, my overall bias is bearish as there is a key resistance level. Looking for a sell entry at 0.63642, take profit at 0.62732 which is the recent swing low.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.