07.04.2020
The overall trend is downward. Stochastic Oscillator indicator signals overboughtness. The ascending H1 level pattern is presumably a wave (B) of the descending H4 level pattern.
Trading recommendations:
Sell strictly while a descending wave pattern is forming, where the wave (as) breaks through the inclined channel of the ascending pattern of the H1 level.
Stop loss: 0.6066.
Target levels: 0.5850 (close ½ and move to breakeven); 0.5766 (138.2% fibo level from an H4).
If the price rises to the resistance level of 0.6066, cancel the trading plan.
The NZDUSD rate online: monitor the movement of the pair in real time.
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