current long ....but setting up for a nice short
I am currently long here until the price breaches the highlighted supply zone.
this zone dates back a few years ...will be looking to short from here...the nzd doesn't benefit from this high range as it is a primarily a goods based economy.no monetary policy change till 2019 also supports this trade setup.
will be looking for a stop at
74700
1st tp 72500
2nd tp 71000
this zone dates back a few years ...will be looking to short from here...the nzd doesn't benefit from this high range as it is a primarily a goods based economy.no monetary policy change till 2019 also supports this trade setup.
will be looking for a stop at
74700
1st tp 72500
2nd tp 71000
Note
still long here ...expect the long to play over the next few weeks ..then will look to enter this as a short trade all the way back down must be in the 73500 -7400 region atleast.
Note
sorry should put the currrent long position my entry 7200
stop loss 71500
tp along the way moving the stops ...ultimate goal is the upper band
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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.