NZDUSD Short
Technical: NZD is trending downwards and retraced to upper median pitchfork line and has been respecting resistance thus far. Also coincides with downtrend line drawn from previous high which price action has been responsive to. Bearish Harami and long legged Doji posted in and around these levels.
Stop entry order placed just below .73 handle.
-Looking to achieve 2/1 Risk/Reward
-Expected levels to watch 0.7250 being previous low
Stop entry order placed just below .73 handle.
-Looking to achieve 2/1 Risk/Reward
-Expected levels to watch 0.7250 being previous low
Nota
Order filledNota
Trade is looking good. Further deterioration of NZD thanks to positive USD Retail sales.Stop moved to 0.7276. A move above this level would bring into question bearish trend
Profit target moved to 0.7101 (5/1 Risk/Reward) but will be watching and closing position around 0.7182 should price consolidates and fails to close below this level on a daily close
Nota
Trend reversed on FOMC minutes. Stopped out
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.