Potential Short Zone For NZDUSD Short then long

The yellow zone is a little bit broad so plz take care of your account. And pay attention to the price action.

If it comes the below side of the purple channel or the black line at the bottom, you can long also.
Thanks.

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Check lower timeframe price action if there is any bearish candle before go in

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Trade open on last hour close price on 0.71430 in my platform. I will not add more position for this trade if it's going up as the SL already very big around 120 pips. If u feel too risky, u can wait or ignore this idea and wait for the price level to Long

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Now is 0.70944,around50 pips. As the SL is very big, let's move SL to entry early. If it hit SL, we can find second chance to short again within yellow zone

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Now is 0.70869, we short from 0.71430, around 60 pips.

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now is 0.70779

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0.70673 now. formal drops seems to form now.

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0.70551 now, almost 100 pips!

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lowest hit 0.704, 103 pips achieved.

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just now hit 0.69969, today will hit through 0.7 solidly. From our short 0.71430,143 pips earned.

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it seems we took some profit from 0.7 is correct way, today it jumps up a little.
move ur sl to entry and just do not care any more about the moving till it reaches our position to long it.

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Previous take partial profit of 143 pips and today it hit our entry. Reenter with a new idea published, the SL is the same.

OuHuangTrading

Related publications

If NZDUSD can drop to 0.642, we can consider long

by OuHuangTrading

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