NZDUSD Bearish Setup.
Price has been Bearish Since 2014.
2015: Price Broke Key support Area
Price is Now testing Resistance.
3 Tests have Failed (September, November, Last Week.)
The reason For the Short.
- 200 EMA Respected
- 3 Test Failure
- Bearish Engulfing last weeks Candle, (Heavy Strength)
TP : 230 Pips from Current Price
SL: 70 Pips
If TP is met, Half Of position will be Closed and moving Stops to Break Even.
Ill let this one run Forever,
Let me know your thoughts.
2015: Price Broke Key support Area
Price is Now testing Resistance.
3 Tests have Failed (September, November, Last Week.)
The reason For the Short.
- 200 EMA Respected
- 3 Test Failure
- Bearish Engulfing last weeks Candle, (Heavy Strength)
TP : 230 Pips from Current Price
SL: 70 Pips
If TP is met, Half Of position will be Closed and moving Stops to Break Even.
Ill let this one run Forever,
Let me know your thoughts.
Trade active
Trade (bearish Has Been filled)Trade closed: target reached
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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.
Related publications
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.