NZDUSD Short Trade Idea
Updated
Jan 15th, 2019 9:00 PM EST
#NZDUSD
SELL @0.6810
STOP @0.6847
TARGET @0.6730
R/R 2
COMMENTS
The NZD has moved up 3 impulsive waves from the 240m. At the moment presenting DIV 240 and a H&S pattern in 60m. Price was rejected from zone of resistance and has broker trendline. USDx has another potential push to the upside which helps the NZD moving down. The target is the square up.
#NZDUSD
SELL @0.6810
STOP @0.6847
TARGET @0.6730
R/R 2
COMMENTS
The NZD has moved up 3 impulsive waves from the 240m. At the moment presenting DIV 240 and a H&S pattern in 60m. Price was rejected from zone of resistance and has broker trendline. USDx has another potential push to the upside which helps the NZD moving down. The target is the square up.
Note
Moving the stop to Break Even, as price has moved 50 pips from entryTrade closed: target reached
Closing Trade as it got to target
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.