NZD/USD - Possible Short (Updated)
Updated
- Bearish market structure with Lower Highs and Lower Lows being created.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade, with a 230 pip gain, price needs to break the current Ascending Triangle first.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade, with a 230 pip gain, price needs to break the current Ascending Triangle first.
Trade active
45 Pips Deep, Stop Loss to Breakeven - Converging triangle forming which is a bearish indication tooTrade closed: stop reached
Stopped out at Breakeven by huge news spike, I personally reenteredDisclaimer
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