$$$$ NZDUSD - EXCELLENT RISK/REWARD OPPUTUNITY $$$$ Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Feb 10, 2022 5:11 PM

If price pushes into this zone and rejects ill be looking to take a short with tight stops above

If previous support turns to resistance we also have a lovely Fibonacci confluence zone

GREAT RISK REWARD OPPUTNUITY IF IT SETS UP CORRECTLY

Comments

OtaPrusa

⋅ Feb 18, 2022 1:31 PM

Do you think it is still valid?

Rebel-Trading

⋅ Feb 18, 2022 3:03 PM

@OtaPrusa, No, price tested the zone and has hit would be targets. It may roll over again but i would not be taking the trade. Next short opportunity 0.6850

OtaPrusa

⋅ Feb 18, 2022 3:27 PM

@Rebel-Trading, Thanks for the explanation

dnsbnx

⋅ Feb 10, 2022 7:03 PM

Yes. Tp?