happyastronaut

NZDUSD - POTENTIAL SHORT ENTRY

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

Price trading inside bullish channel but is approaching a key order block, thus creating a potential opportunity for a sell at the resistance level .
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.

Impulse Short entries can be taken once price rejects that region.

We had our sells set up with potential downside in the R:R ratio of 1:3.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.