NZDUSD BEARISH MOVED EXPLAINED +50 PIPS
Updated
NZDUSD is still very bearish and I believe it will continue to sell.
- The candles are still below both of the EMAs. Bearish conditions are still met.
- The MOM is still negative and below 0. Bearish conditions are still met.
- The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are still met.
Potential trade idea. Sell at Market execution or Sell Limit at 0.61500.
SL: 0.62000 (-40 PIPS)
TP 1: 0.61200 (+40 PIPS) - target reached
TP 2: 0.61000 (+60 PIPS) - target reached
TP 3: 0.60800 (+80 PIPS) - target pending
- The candles are still below both of the EMAs. Bearish conditions are still met.
- The MOM is still negative and below 0. Bearish conditions are still met.
- The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are still met.
Potential trade idea. Sell at Market execution or Sell Limit at 0.61500.
SL: 0.62000 (-40 PIPS)
TP 1: 0.61200 (+40 PIPS) - target reached
TP 2: 0.61000 (+60 PIPS) - target reached
TP 3: 0.60800 (+80 PIPS) - target pending
Trade closed: target reached
TP 3 HIT!Note
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