Risky NZDUSD long
Another scalp long trade setup here. This one is riskier as the downtrend is very strong and we haven't seen any powerful moves off this trend line yet. However, the bullish divergence looks really good and though it is a risky trade, we can consider it failed if it either breaks that trend line or just continues to fall with the line. So stop loss is tight on this trade. Good luck!
Note
Not looking great right now. Downside is much more likely but let's see what happensNote
That was a nice close on the last hourly candle. Looking a bit better nowNote
Move stop loss to 0.63930Trade closed: target reached
Huge move on this one! Take profit hit with +67 pips gained!
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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.