NZDUSD Short
Updated
SELL IDEA
ENTRY: 0.6710
SL: 0.6760
TP: 0.6570
Price has broken out of the cloud with a Dark Future. We also have bearish fractals pushing out passed the cloud. Kijun is above price, but pretty far away as well.
I set my entry below the S/R level drawn in pink (daily timeframe).
Signs are pointing towards bearish, but we'll have to wait and see.
ENTRY: 0.6710
SL: 0.6760
TP: 0.6570
Price has broken out of the cloud with a Dark Future. We also have bearish fractals pushing out passed the cloud. Kijun is above price, but pretty far away as well.
I set my entry below the S/R level drawn in pink (daily timeframe).
Signs are pointing towards bearish, but we'll have to wait and see.
Trade closed: stop reached
Price came back to take me out of the trade.Price did come in contact with Daily Support. I should have taken this into consideration before going short.
I need to refine my edge more. Ichimoku is best for a TRENDING market, but when it's not we must use other tools.
- S/R levels
- Fibs
- Trendlines
- etc.
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.