NZD/USD - Short - Daily

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
A potential shorting opportunity on the NZD/USD             assuming today closes as a rejection doji .
The range is quite tight with an overall bearish trend
At about the .6402. That is just below the last doji tail.
russelldaily russelldaily
My mistake. At about the .6380 area.
nsawa russelldaily
Ok, thanks, I think I should go to the lower time-frames to get better views on these, well this week it opened higher and triggered my stop loss, that's that.
Good analysis. It would be my druthers to put the entry below the doji tail. In my opinion, dojis are a powerful trading tool. I use them for entries, exits, and places to move my stops.
nsawa russelldaily
Thank you for the comment. When you say "put the entry below the doji tail", do you mean in the area where I have placed my stop loss?? or is it the inside the open/close area of the candle, or far below the doji in a stop order??
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