NZDUSD: bears have revealed their plans.
Updated
Let's take a look at what happened in the NZD/USD market last week. There was some manipulation going on with the prices. We were actually expecting the market to rise due to some planned strategies by the buyers. However, we had a change of plans when the market rose without breaking the low of 0.60620 from January 23rd. This made us shift our perspective and decide to open short positions.
On January 31st, there was a false upward move with a spike that reached 0.61737. The bears entered their short positions and then the market has collapsed.
Currently, we have short positions with an average price of 0.61223. The situation seems favorable for us to hold onto these positions. We considering the possibility of opening more short positions, especially as the levels around 0.6090-0.6095 look promising.
Our expectation is that the market will continue to decline and could potentially reach the level of 0.6000.
Stay tuned for more updates!
On January 31st, there was a false upward move with a spike that reached 0.61737. The bears entered their short positions and then the market has collapsed.
Currently, we have short positions with an average price of 0.61223. The situation seems favorable for us to hold onto these positions. We considering the possibility of opening more short positions, especially as the levels around 0.6090-0.6095 look promising.
Our expectation is that the market will continue to decline and could potentially reach the level of 0.6000.
Stay tuned for more updates!
Trade active
Hey, Traders! As planned, we opened an additional short deal, doubling our position:The deal price is 0.61169.
Trade closed manually
The deal is closed at 0.61296 with 0.207% loss.
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