Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
NZDUSD: A deeper correction is on the way
New Zealand Dollar / U.S. Dollar
Short
NZDUSD: A deeper correction is on the way
By ASCENS10N
Follow
Follow
Jan 29, 2021
1
Cheer
Cheer
Jan 29, 2021
The parabolic trend has been broken with the sell down this week during FOMC.
We are already up around 80 pips in this trade with a short position around the 0.7235 level with SL set to break even.
It is still not too late to get in, we will be adding a second position here.
NZDUSD Short
Entry is valid as long as price is below 0.7180.
SL: 0.7240
TP: 0.6920
Trend Analysis
ASCENS10N
Follow
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
.