Short

NZDUSD Short I'm

Updated

As I posted before, this would be a good short opportunity, my sell limit was triggered today 0.6835 (I was updating everyday to coincide with the trendline level at daily chart )

Previous post:

Let's play some monetary policy divergence?

Trade active

Note

Moving stop loss to break even, will let a free risk trade run ;) We need to see the price action around this daily lower channel.

Note

Today my bear view was reinforced by lower channel breakout. If price also break 0.65, I believe price will reach around 0.62-0.63

Note

0.643 very strong resistance, if it breaks this level, very likely to go to 0.62-0.63, if not, we can see a pullback and second chance to enter the trade.

Note

I mean, support, not resistance.

Trade closed manually

Nice profit, 400 pip, a good 4:1 RR. I think it has more room to fall, but its enough for me right now. If there is another setup to short I should take :)

Piet.Hein

Related publications

Let's play some monetary policy divergence?

by Piet.Hein

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