JesusDiaz
Short

NZDUSD some short interest

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
89 6 0
**LT 35** Trendline was drawn on the 1 hour timeframe which is why it does not look great
HatZ
2 years ago
A larger bear shark completing at 0.886 XC co-insides with this butterfly.

There is another possibility as well (for this one the fib cluster is much stronger). If the butterfly completes at 1.618, then it will co-inside with a bear shark at 1.13.
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JesusDiaz HatZ
2 years ago
good observation
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HatZ
2 years ago
It just gapped up. Any idea what could of caused this? I think must of been news.

Anyway.. it looks like it did complete the bear shark at 1.13. Little concerned about taking the short on this pattern because of the recent gapping.
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JesusDiaz HatZ
2 years ago
Honestly, I should have adjusted the trade after it made a retracement down to .8300 because the chart was telling me that I missed the trade. But, I did not adjust the trade and so I took a 35 pip loss. Considering a short on bear shark, I would advice you to be cautious. Take note of the resistance trendline that I drew on the chart. Price is strongly breaking through that resistance, and I would be anticipating some continued bullish momentum for NZDUSD. If the price retraces, it is likely to have a shallow retracement. So if you are taking the bear short. be aggressive with your stop loss management.
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HatZ
2 years ago
it worked out :)... took 40 pips on this one... its a friday.. i dont want to leave the trade open all weekend
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JesusDiaz HatZ
2 years ago
Great Job
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