NZDUSD Short Daily
Updated
Sell Idea:
Entry: 0.68838
SL: 0.69416
TP: 0.67403
This trade was taken based off of S/R levels, candlestick formations, and divergence.
Yellow Line = Weekly Level
Pink Line = Daily
White Line = Monthly
The closures over the last 2 days created a tweezer top bouncing off of the Weekly resistance level.
This bounce also resembles the beginning of a double-top chart pattern, and shows the strength of the Weekly resistance.
Finally, Tenkan-sen and Kijun-sen have a vast amount of distance between them. This is a sign of divergence, as well as the Williams %R scale.
I do also hold the belief this could be a setup for a longer-term buy. This is why I have my Fibs on. I'm also using them as TP markers.
TP1: 38.2
TP2: 61.8
TP3: 100
*Side Note*
My price entries, SLs, and TPs are all based on my broker.
Let see what happens!
Entry: 0.68838
SL: 0.69416
TP: 0.67403
This trade was taken based off of S/R levels, candlestick formations, and divergence.
Yellow Line = Weekly Level
Pink Line = Daily
White Line = Monthly
The closures over the last 2 days created a tweezer top bouncing off of the Weekly resistance level.
This bounce also resembles the beginning of a double-top chart pattern, and shows the strength of the Weekly resistance.
Finally, Tenkan-sen and Kijun-sen have a vast amount of distance between them. This is a sign of divergence, as well as the Williams %R scale.
I do also hold the belief this could be a setup for a longer-term buy. This is why I have my Fibs on. I'm also using them as TP markers.
TP1: 38.2
TP2: 61.8
TP3: 100
*Side Note*
My price entries, SLs, and TPs are all based on my broker.
Let see what happens!
Trade closed: target reached
Fabulous trade!Not too much to say on this one. Followed the plan, worked my system and practiced my patience.
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