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FX618Analysis
Jul 6, 2023 6:11 AM

SWING TRADING: SHORT NZDUSD! TARGET 0.61450 Short

New Zealand Dollar/U.S. DollarFXCM

Description

TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 0.61850
STOP LOSS: 0.62200
TAKE PROFIT: 0.61450
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high

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CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

Trade active

Comment

KINDLY ADJUST STOP LOSS TO 0.62300 LEVEL. RR IS STILL 1:1 IN THIS CASE

Trade closed: target reached

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