empty
 
 
31.01.2022 08:12 AM
NZDUSD Bullish Bounce | 31st Jan 2022

This image is no longer relevant

On the H4, On the H4, prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a short bounce from our 1st support at 0.65245 in line with 200% Fibonacci projection towards our 1st resistance at 0.66102 in line with 23.6% Fibonacci retracement. Alternatively, our stop loss will be placed at 0.65245 in line with 78.6% Fibonacci extension. RSI is at a level where bounces occurred previously.

Trading Recommendation

Entry: 0.65245

Reason for Entry:

200% Fibonacci projection

Take Profit: 0.66102

Reason for Take Profit:

23.6% Fibonacci retracement

Stop Loss: 0.65245

Reason for Stop Loss:

78.6% Fibonacci extension

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback