Looking for NZDUSD to break down lower since it just left the middle of a range.
We have just seen a large bearish candle trading aggressively lower indicating the downside is most probable.
Entry: 0.69896
SL: 0.70355
TP: 0.69248
We have just seen a large bearish candle trading aggressively lower indicating the downside is most probable.
Entry: 0.69896
SL: 0.70355
TP: 0.69248
Trade closed manually
I closed this out in my demo account since my stop was hit.Price is currently consolidating within a range and may trade higher, this depends on whether it decides to break higher or lower in the range.
I am still expecting lower prices but I am not currently in it.
Note
Damn NZD monetary policy announcement in our favor for this trade. Forgot about that.
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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.