Following up with our dollar narrative, all majors have taken a hit against the greenback.
Time for NZDUSD, after last week sweeping the highs for some liquidity grab - and short order fills - above previous weekly highs ( to then close the week bellow these highs ) , we are now faced with a confirmation daily candle of a bearish continuation.
Aligned with a daily candle on the EURO closing bellow Q1 lows today.
Taking this setup with 0.50% risk, 1:2 RR - high chance of turning it into 1:3 RR.
USD ADP Non-Farm Employment Change coming this Wednesday.
Time for NZDUSD, after last week sweeping the highs for some liquidity grab - and short order fills - above previous weekly highs ( to then close the week bellow these highs ) , we are now faced with a confirmation daily candle of a bearish continuation.
Aligned with a daily candle on the EURO closing bellow Q1 lows today.
Taking this setup with 0.50% risk, 1:2 RR - high chance of turning it into 1:3 RR.
USD ADP Non-Farm Employment Change coming this Wednesday.
Order cancelled
Move completed, entry not triggered, cancelling this trade idea.
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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.