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NZDUSD H4 Chart Technical Overview And Short Opportunity

NZDUSD H4 Chart Technical Overview And Short Opportunity

As I have published in my previous trade setups and forecast, we keep our bearish bias on NZDUSD. We keep our existing short positions with our medium-term targets as mentioned in our previous report.

A potential bearish pennant breakout can be used as an intraday opportunity:

Pattern: Bearish Pennant

Time Frame: H4

Trade: Short

Entry: 0.6739

Stop: 0.6761

TP1: 0.67030

TP2: 0.67820

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

NZDUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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