Dear NZD/USD Trading Signal Traders

Today’s trading signal is coming from NZD/USD. To be precise, the trading signal was generated in the previous trading session. There was a bullish rejection candle two sessions ago and a bearish engulfing pattern from yesterday. Fortunately, the today’s candle has not shown a lot of enthusiasm. I suppose traders were busy selling short the indices worldwide. Anyways, this still looks like a great opportunity to go short. The 0.6400 resistance area has done a great job pushing back buyers and re-initiated the selling interest in this currency pair.

My trading signal is a sell-short. The entry for this trade is a short at 0.6300. The stop loss level should be placed just above the level of 0.6460. The first price target is the level of 0.6000. From then on, it all depends on the price action of this currency pair.

Happy Trading,

Colibri Trader

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