NZDUSD ENTRY ON RETRACEMENT TO 0.7276

Updated
NZDUSD ENTRY ON RETRACEMENT TO 0.7276
Trade active
Retracement back to entry level reached and now going into profit.
Trade closed: stop reached
Trade started off well, retraced back to entry point and reversed back in direction of main trend however has since reversed again and has been stopped out.
Comment
Weekly trendline has now been broken so there is an opportunity to enter short on a King's Crown setup with a reversal back to 72% of the last wave down on the 4 hour chart.

Related publications

Disclaimer