NZD/USD IDEA
Updated
Currently price is trading against support level
between 6023 to 5985
Possible Double bottom could form
Would look to SHORT on a close and retest below 5985
To the UPSIDE a close above 4H BOS and descending trendline
could be a BULLISH signal
between 6023 to 5985
Possible Double bottom could form
Would look to SHORT on a close and retest below 5985
To the UPSIDE a close above 4H BOS and descending trendline
could be a BULLISH signal
Trade active
I am currently SHORT @ .5961 (missed my ideal entry) emergency stop is @ .6040Target is as per chart.
DXY is currently around the 103 area
Will look to add on any retest of 1H structure.
My risk is only 0.25% at moment
Trade active
Added position @ .5964 stop moved to .6007 total risk is now 1% Target remains @ .5862
DXY now trading above 103
Trade active
Closed 80% of my position at 50 pips STOP moved to breakeven
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