JLJ002500
Short

NZDUSD - Waiting to open short position

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I've been taking advantage of NZDUSD's strong down trend, but have not opened a position in the last several days. Technically, even though it has had an extended run, my bias is the trend will continue. I attempted to open a short position yesterday, but was too conservative with my Sell Limit order and as a result it wasn't executed. Currently, NZDUSD             is making a big move and is below the .66193 strong support. I'm hesitant to chase at this point and would rather wait for a better opportunity. NZD Consumer Price Index will be reported in less than 6 hours. This move could be a speculation of those results.

MY PLAN: I'm looking for it to retrace to .6619 and potentially to .6640. Bottom line, I am waiting for a better time to enter a short position and will be watching to take advantage of volatility from Consumer Price Index results. I will most likely scale into this to attempt.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out