empty
09.11.2022 11:35 AM
NZDUSD Potential for Bullish Momentum | 9th November 2022

This image is no longer relevant

On the H4, price is moving within the ascending channel, and above ichimoku cloud, we have a bullish bias that he price may rise from the 1st support at 0.59499, which is in line with the 23.6% fibonacci retracement to the 1st resistance at 0.60739, where the 161.8% fibonacci extension and 78.6% fibonacci projection are. Alternatively, the price may drop to the 2nd support at 0.58616, where the 50% fibonacci retracement is.

Trading Recommendation

Entry: 0.59499

Reason for Entry:

23.6% fibonacci retracement

Take Profit: 0.60739

Reason for Take Profit:161.8% fibonacci extension and 78.6% fibonacci projection

Stop Loss: 0.58616

Reason for Stop Loss:

50% fibonacci retracement

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback