NZD/USD - Possible Short (Updated)
- Bearish market structure with Lower Highs and Lower Lows being created.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade, with a 230 pip gain, price needs to break the current Ascending Triangle first.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade, with a 230 pip gain, price needs to break the current Ascending Triangle first.
Trade active
45 Pips Deep, Stop Loss to Breakeven - Converging triangle forming which is a bearish indication tooTrade closed: stop reached
Stopped out at Breakeven by huge news spike, I personally reentered
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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.
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.