NZDUSD Sell Opportunity
Updated
Rejection on 50% FR, also on the new Lower High structure form , my fav technic to go short when rejection + retest + Lower High
SL 40 pip , TP 0.69 3xRR
SL 40 pip , TP 0.69 3xRR
Trade active
time to move sl to trail stop at entry . Price is moving in our favTrade active
ok we have now see lower high form, let move trail stop 10 pip above to lock partial profits in case price reverse. 0.7035Note
time to harvest, Profit target revise to 0.6960(Fib Ext + Elliot Wave) it's 1.5x Ext and 5th Wave count from entry point.
quite a decent profit of 110 pip (close to 4x RR)
if you have huge lots on hand might consider to close just partial here and balance on next level @ 0.69
Trade closed manually
Elliot Wave 5th Wave done (close manually with 3RR , 90pip)
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