maliekevans

NZDUSD Sell Setup

Short
maliekevans Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Enjoy a free signal before the week gets started
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  • We have reached a major daily s/r area where market historically has had steep reversals
  • This would be a great opportunity to catch the trend reversal
  • Also we have 2 major monthly downtrend and uptrend lines colliding
  • Market has respected the monthly downtrend line, soon as it reached we saw a rejection twice
  • then market fell below the monthly uptrend line, came back up to retest and saw a rejection
  • We have broke and closed below the 12hr uptrend line
  • I want to to market go up and test my major 3hr s/r area
  • Currently we are just waiting for the best entry our chances look good.


NZDUSD NZDUSD
Sell Limit: 0.6500 (Best entry takes the most patience)
Stop loss: 0.6560 (60 pips risk)
Take profit: 0.6275 (225 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 3.75 (225/60)

Sell Stop: 0.6465 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 0.6560 (95 pips risk)
Take profit: 0.6275 (190 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (190/95)
Trade active:

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