4hr Analysis on NZDUSD. We’re going SHORT!

: Support and resistance are key.
: Always respect price action.
: Box Strategy
: Trade with the banks.

:LIVE UPDATES


*** You trade at you own risk***

***THE OBSERVANT STUDENT KNOWS ALL***

Comment:

Took a tad bit longer than expected, but as predicted we can see NZD has began its decent. The DXY will make a strong push the rest of the week.

I will continue to update as the market continues. 9am 4hr candle will be a nice confirmation as well.

Trade active:

We have reached our first TP! I am still holding as we hope to reject the .72148 range and continue to the downside.

Trade active:

Still Holding!

Trade active:

Still holding. I believe our first TP has now become our new resistance (the ceiling if you will). Making TP2 our new support. Happy trading! #TheCloser #YourFavoriteConsultant.

Trade active:

TP2 smashed! Still holding 9am 4hr candle will reveal some insight into the next 4hrs. Happy trading! #TheCloser #YourFavoriteConsultant

Trade active:

Still holding. Small pullback to larger gains! Happy trading. #TheCloser #YourFavoriteConsultant