ECHO | NZDUSD - Short Opportunity.

Interesting developments across NZD and AUD pairs. Looking at the inneficiency amongst those pairs we notice small pullbacks back to previous local highs. This could be an aggresive short opportunity based on:

- Local high liquidity area
- profit taking level at that high
- 61 significant fib is near
-100 ema is near

Wide stop is used around 40 pips to give enough breathing room.

ECHO

Trade active:

Short area is active and currently running around +10 pips depending on entry. Touched the bottom wick and should be pulling back.

Comment:

As mentioned on the stream. tightened the stop at 30 pips, and is now running + 35 PIPS -> Running 1:1 RR

Comment:

Running 1.5 RR. Doing +50 pips. Suggest taking out half and letting the rest run BE @ SL

Comment:

Running 2.1 RR at +70 pips

Trade closed manually:

Closing the trade here at 98 pips in profit.