Bears can short NZDUSD now at market execution, placing a stop-loss a few pips above the resistance zone, with a target a few pips above the support zone. This gives a fair risk to reward ratio and a decent probability setup.
Only short this pair if the trade setup satisfies your strategy. Do not trade based on your (or anyone's) predictions, but rather wait until the market gives you a valid entry.
Be sure to follow me for more ideas and analyses. Feel free to leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!
Only short this pair if the trade setup satisfies your strategy. Do not trade based on your (or anyone's) predictions, but rather wait until the market gives you a valid entry.
Be sure to follow me for more ideas and analyses. Feel free to leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!