NZDUSD Short
Updated
ALOHA
D - current day is resisting the 50 enamors and had bearish consolidation but still with some momentum for the downside. the last few days of been corrective creating nicer intra day patterns.
4hr - correction just under the 50 ema, now creating strong bear candles instead of high-test reversal candles.
1hr - Price bounced back up to the 50ema to reject and close below, then forming a 7 hour consolidation pattern that signaled a conituliation for myself.
15. Rising wedge ,2 touch top two touch bottom, rejection of the 50 ema, and at the bottom of the bigger 1hr structure.
30 pip stop. This is a continuation entry off the last few short trades I've placed with NZDUSD. This pair has been on my watch for the last week. Entry order was placed earlier this morning and triggered in the afternoon.
D - current day is resisting the 50 enamors and had bearish consolidation but still with some momentum for the downside. the last few days of been corrective creating nicer intra day patterns.
4hr - correction just under the 50 ema, now creating strong bear candles instead of high-test reversal candles.
1hr - Price bounced back up to the 50ema to reject and close below, then forming a 7 hour consolidation pattern that signaled a conituliation for myself.
15. Rising wedge ,2 touch top two touch bottom, rejection of the 50 ema, and at the bottom of the bigger 1hr structure.
30 pip stop. This is a continuation entry off the last few short trades I've placed with NZDUSD. This pair has been on my watch for the last week. Entry order was placed earlier this morning and triggered in the afternoon.
Trade closed: stop reached
Trade closed me out for a 1% loss! on to the next! Have a good rest of the trading week traders! twitter.com/hawaiifxtrader/status/1253181565540040707?s=20
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