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NZDUSD sell on bearish flag
New Zealand Dollar / U.S. Dollar
Short
NZDUSD sell on bearish flag
By hsquared
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Updated
Mar 27, 2019
1
Mar 21, 2019
NZDUSD looks good for a bearish flag set up, with R:R > 2.
Larger set-up as follows:
Mar 27, 2019
Trade closed: target reached
It was a long wait, but we got tagged. The sell order should have been shifted higher to around 0.689 as the NZDUSD consolidated with an updrift.
Traders can take profit now and look for more consolidation before placing the next sell order.
Beyond Technical Analysis
Chart Patterns
hsquared
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