From the bigger picture NZDUSD are downtrend . It good opportunity to find entry to go short within this downtrend .
Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581 .Moreover there is double top appear at 0.65581 , if price valid this double top then i'am looking for short at area of concern ( 0.65213-0.65085) .
For now , stay away from NZDUSD for a short time .
Disclaimer;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money
Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581 .Moreover there is double top appear at 0.65581 , if price valid this double top then i'am looking for short at area of concern ( 0.65213-0.65085) .
For now , stay away from NZDUSD for a short time .
Disclaimer;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money
Trade closed: stop reached
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.
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.