NZDUSD - Upward trend will continue, Long trade by market price recommended
March 10, 2021 7:48:11 AM
Forecast Details
PairNZDUSD
Direction
Buy
StatusClosed (0.721)
+70 p
0.7220
Target 2
+50 p
0.7200
Target 1
0.7150
Entry
-50 p
0.7100
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy NZDUSD.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
