NZDUSD Short
Updated
NZD/USD is at the top of my list for the coming week.
Logic: It has broken the current support, and I'm looking for a retracement above the high of the last two days before it rolls over.
Entry: I'll place a limit order with a 1:1.75 RR.
SL = above the current resistance / TP = below the current support
This setup remains valid unless the price breaks below the last weekly low.
Logic: It has broken the current support, and I'm looking for a retracement above the high of the last two days before it rolls over.
Entry: I'll place a limit order with a 1:1.75 RR.
SL = above the current resistance / TP = below the current support
This setup remains valid unless the price breaks below the last weekly low.
Note
I personally placed a limit order @0.613, SL 0.617, TP 0.605
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