NZDUSD sell trade idea 30 08 2021

#OPINIONLEADER# #Signal#

SELL NZDUSD 0.6997

SL: 0.7027

TP1: 0.6977

TP2: 0.6957

TP3: 0.6937

Signal Analysis by LCMS Traders

Currency Pair: NZDUSD

SELL NZDUSD 0.6997 

Timeframe: H1

Step 1 - Previous News: NZD: -, USD: Possibility of "dovish tapering."

Step 2 - Trend: Up, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both down

- Stochastic: H4 coming out from over bought heading down

- PSAR: near bearish

Step 5 - Upcoming News: NZD: -, USD: Pending Home Sales 2200hrs