NZDUSD - Short, but needs to break through current support
I'm short at .71950. There is a support price needs to break through. If not price could retest resistance. Because of this, I have a fairly narrow SL. If price is unable to break through support, a rebound would allow a better entry price.
The Weekly chart below indicates the justification for this short trade.
W
D
4H:
The Weekly chart below indicates the justification for this short trade.
W
D
4H:
Trade closed: stop reached
Small loss. Adjusted SL during the course of the trade. (.72280)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.