NZDUSD Sell Setup
Updated
Enjoy a free signal before the week gets started
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NZDUSD
NZDUSD
Sell Limit: 0.6500 (Best entry takes the most patience)
Stop loss: 0.6560 (60 pips risk)
Take profit: 0.6275 (225 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 3.75 (225/60)
Sell Stop: 0.6465 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 0.6560 (95 pips risk)
Take profit: 0.6275 (190 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (190/95)
Feedback, Likes, comments, and shares would be appreciated.
- We have reached a major daily s/r area where market historically has had steep reversals
- This would be a great opportunity to catch the trend reversal
- Also we have 2 major monthly downtrend and uptrend lines colliding
- Market has respected the monthly downtrend line, soon as it reached we saw a rejection twice
- then market fell below the monthly uptrend line, came back up to retest and saw a rejection
- We have broke and closed below the 12hr uptrend line
- I want to to market go up and test my major 3hr s/r area
- Currently we are just waiting for the best entry our chances look good.
NZDUSD
NZDUSDSell Limit: 0.6500 (Best entry takes the most patience)
Stop loss: 0.6560 (60 pips risk)
Take profit: 0.6275 (225 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 3.75 (225/60)
Sell Stop: 0.6465 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 0.6560 (95 pips risk)
Take profit: 0.6275 (190 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (190/95)
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