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TB305
Feb 19, 2024 11:27 PM

SHORT ON NZD/USD Short

New Zealand Dollar / U.S. DollarFOREX.com

Description

NZD/USD is in a overall downtrend from the higher timeframe.

It has given equal highs forming a double top on the 2hr.
I will be taking the following sell on it:

Entry = 0.61443
Stop Loss = 0.61693 25 pips
Take Profit = 0.60941 50 pips
Lot Size = (0.05)
Comments
JoeChampion
Since stocks are bearish NZDUSD shorts are having decent potential due to the correlation.
TheFxAce
The evidence you present for a downturn is substantial and noteworthy.
TB305
@TheFxAce, Why thank you!
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