Cmasterza

Quick short on NZDUSD

Short
Cmasterza Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD

1. Double top pattern emerging
2. Inverted hammer printing and needs to close as such to be a sell signal (without confirmation)
3. Note the sell signal is printing at resistance
4. Targeting short term support as tp1 at 0.67092

Aggressive entry is at market price 0.67693
Conservative entry will be a sell stop around 5 pips below the inverted hammer

Ideal stop level for me would be around 0.68196
Order cancelled:
My pending order did not trigger and price has moved higher up . No trade

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.