NZD Fundamental score at -14, coupled with it being in a area where sellers are expected makes it a reasonable place to enter short a long with recent resistance shown around this area
Note
Strong momentum on this trade can look to hold it to original TPNote
Also, if you want to apply some risk management techniques at this point to lock in some profit it is viable, or you can close this trade at currently 1:4 RRNote
can potentially hold this trade even further then the original TP presented because of how much bearish momentum there isTrade closed manually
exiting this trade, happy with the RR and can't monitor the trade tomorrow and because it's a friday i don't want to leave it open through the weekend
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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.