tradingalone

Short NZD/USD on consolidations below 1H 200EMA

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
12 0 0
Monthly downtrend. Close below key monthly level after testing it recently.

Weekly range.

Daily range.

The 0.672 level was offering resistance for a good short at top of range last week.

Coming into this week since price has collapsed significantly, there's now an opportunity to add to the short on consolidations below the 200EMA.

This is Tier 2 because we are trading with the monthly level and trend. Also, since we are taking the late entry, it is a lot higher in probability.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out