Fxprotrader
Short

NZDUSD Simple High Probability Sell Setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1058 6 47
8 months ago
Although we expect a correction after a sell off ( MACD divergence shows that too), we have another sell opportunity - short term trade. Price is moving into a correction forming a flag pattern and we have two ways to trade it. Either sell the 0.618 fib level or for a safer trade wait for a correction below the lower trendline of the pattern and then go short
8 months ago
Comment: Price broke below the corrective structure (flag). Watch for a sell setup to complete before selling
8 months ago
Comment: Or for a safer but with not such a great risk/reward ratio trade you may go short with stoploss and profit targets as shown below:
snapshot
Dguaman
8 months ago
Thanks ! Ill take that risk :D
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Fxprotrader Dguaman
8 months ago
The better option is to wait for a deeper correction and then sell. But this ok too. Good luck :)
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Dguaman Fxprotrader
8 months ago
Which price could be a good entry Sir?
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Elvis.Deonarine
8 months ago
thank man nice 1 to 1 enough for me
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Fxprotrader Elvis.Deonarine
8 months ago
Ok you may take it ;)
Reply
ChrisKirk
8 months ago
Thanks fxprotrader! I'm going to wait on this..
Reply
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