Renforex
Short

The NZDUSD downward spiral

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
New here. First published chart idea. Just a simple one showing how I plan to play my NZDUSD             trade.

Entered short at 0.687 and planning to simply follow the arrow to my first 'checkpoint'. From there I may add a small long position to follow the more transparent arrow, while leaving my short in play.

Ultimately my long term aim is to follow this pair all the way down to 0.625. So I may update as it progresses.

Happy trading everyone.
shilox
11 months ago
Correct! But where is the green trend line from?
Reply
Renforex shilox
11 months ago
I'm glad you think so shilox.

Zoom out.. a lot :)
Reply
shilox Renforex
11 months ago
Okay, got it.
Thanks!
Reply
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