Potential Shorting Opportunity for NZDUSD
Down Trend on Daily Chart, price now entered into a strong supply zone, now waiting for the price action to short.
Target: 0.69 , 0.675
Stop Loss: Can give to previous high, but still waiting for a good price action to get into
Lets see if NZDUSD will form inside day bar or entering into a consolidation, then consider to trade the breakout to the downside.
Target: 0.69 , 0.675
Stop Loss: Can give to previous high, but still waiting for a good price action to get into
Lets see if NZDUSD will form inside day bar or entering into a consolidation, then consider to trade the breakout to the downside.
Trade active:
Can get in now, stop loss set to 0.73
Inside Bar Break to the downside, can get in now or wait for retrace to 50% of the daily red bar