VasilyTrader

NZDUSD: Short Trade Explained

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

hey traders,

I just took a short trade on NZDUSD.
Reason:
the price has reached a strong 4H trend line.

on hourly the price has formed a descending triangle formation
and broke and closed below its horizontal support.

I shorted on retest.

goals:
0.6645
0.6625

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