6 Jul 2022

6 July 2022 (Trade Example): NZDUSD

 NZDUSD short trade on 6/7/22

Analysis:-

- Strength number


- Hourly chart & area of breach:-


- Yesterday breach of entire trading day (the day before 4/7/22).
- Today (6/7/22) price started pulling back and it came back to the breach area.
- Any sign of pullback finish then it may give opportunity for entry.

- Pullback phase reading on M15 chart:-


Update:-

- This trade unable to break lower. It came back up.
- It was not ready yet.