NZDUSD Sell Idea

NZDUSD pair has been moving inside a channel since 2016 and it is now approaching the upper band of the same. I think the pair will react to this zone and given the fact that there is bearish divergence forming at the moment I think selling is the right move here.

Contents hide

1 NZDUSD Technical Analysis:
2 NZDUSD Sell Idea Entry:
3 Targets:

NZDUSD Technical Analysis:

D1 – channel

H4 – bearish divergence forming

NZDUSD Sell Idea Entry:

Look for bearish divergence and/or false break around the top of the channel (the trend line) as a trigger.

Targets:

Collect first profits around the first supportive zone and let the other part run.

Yours,

Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.