USDNZD Triangular Contraction [Short]
Waiting for breakout on (Triangular Contraction)
Downtrend
+ reached market sentiment at 1.4505 (no buyers at this area/ allot of sellers in this area)
+ Strong Breakout (74pips) on Lower Low at 1.447
+ Support level change to new resistance level
+ Consolidation Stage (triangular contraction) where price action moves near support level slope
Short
1. If price action respects new resistance level
2. If price action breaks triangular contraction support level.
Stop Loss @ 1.4474
Downtrend
+ reached market sentiment at 1.4505 (no buyers at this area/ allot of sellers in this area)
+ Strong Breakout (74pips) on Lower Low at 1.447
+ Support level change to new resistance level
+ Consolidation Stage (triangular contraction) where price action moves near support level slope
Short
1. If price action respects new resistance level
2. If price action breaks triangular contraction support level.
Stop Loss @ 1.4474
Nota
I should have placed my stop loss @ top of consolidation stage @ 1.4507 in order to stay in my position.Trade fechado: objetivo atingido
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.