Possible short on NZDUSD
*Re entered on another short entry
*Descending triangle spotted on 1h tf
*PMI news came in for NZD showing a result that values below 50 which is seen as negative (49.1)
*I would reach for 0.61247 tp which is the 1h tf liquidity trend formed a few days ago
*Descending triangle spotted on 1h tf
*PMI news came in for NZD showing a result that values below 50 which is seen as negative (49.1)
*I would reach for 0.61247 tp which is the 1h tf liquidity trend formed a few days ago
Note
*closed half positions at 0.61867 with major position at 190 pips profit and above 80 RR as we approach one of the weekly supports.*will trail stop the rest and look for possible reversal targeting previous high
*if price brakes bellow weekly support I will target the bottom of the weekly trends
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