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Intraday commentary on patterns

NZDUSD Three Outside Down Hourly Chart

Tue, Oct 9 2012, 08:08 GMT
by Mark De La Paz | FX Instructor

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Resistance: 0.8227 moderate/0.8262 minor/0.8301 minor

Support: 0.8188 strong/0.8153 moderate/0.8114 minor

NZDUSD is generally bullish with a high level bearish reversal pattern Three Outside Down in Hourly charts just above a strong support level at 0.8188, the Pivot Point. Look to sell on a push under 0.8188 with stop losses just above the Three Outside Down high. Our immediate objective is 0.8153 break of which may see us dropping to 0.8114.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices

Published On Tue, Oct 9 2012, 08:09 GMT Previous entries

Mark De La Paz

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Mark's interest in financial markets has been an ongoing affair, starting from college, where he dabbled in the local equity markets with his college fund. Finishing his BA in Public Administration, Mark remained passionate about trading, and started out working in the niche brokerage business among bank traders.

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Intraday commentary on patterns

NZDUSD Three Outside Down Hourly Chart

Daily Live Trading Room

Mark De La Paz

Also Read

Legal disclaimer and risk disclosure

Tracing the Debt Crisis

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