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Nzdusdshort

NZDUSD Short OpportunityGood Afternoon Traders, This is the last trading day of the month and we have seen interesting moves play out today. Lots of volatility came into the markets today. Last week we had analyzed NZD/USD And managed to catch a nice swing to the upside, I’ve been monitoring price to see if it will break the resistance or reject, Price has rejected the resistance and now we can look for potential shorts to the nearest support of around 0.646 Price has pushed down aggressively leaving a supply for us to get in on the action, I will be on alert to see how price reacts. I would like to see signs of rejection and a potential bearish push at the supply before entering. Remember not to force anything, wait for price to show us what it wants to do and we can simply react. Have a great evening Renaldo Philander.
Short
by Tradebudz
1
NZDUSD | Live position reviewAfter price action has hit our stop loss at 0.63350 where we locked in around 54 pips profit. Considering the long term bearish momentum on this pair (see the daily time frame for reference purposes or previous broadcast in the link below); The current consolidation phase (that has lasted over 24 hours) on the 1-hour time frame is looking more like a reversal set-up is evolving as I wait for a breakdown retest of neckline for signal and confirmation to join the potential decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2