NZDUSD Short Trade Idea
Jan 15th, 2019 9:00 PM EST
#NZDUSD
SELL @0.6810
STOP @0.6847
TARGET @0.6730
R/R 2
COMMENTS
The NZD has moved up 3 impulsive waves from the 240m. At the moment presenting DIV 240 and a H&S pattern in 60m. Price was rejected from zone of resistance and has broker trendline. USDx has another potential push to the upside which helps the NZD moving down. The target is the square up.
#NZDUSD
SELL @0.6810
STOP @0.6847
TARGET @0.6730
R/R 2
COMMENTS
The NZD has moved up 3 impulsive waves from the 240m. At the moment presenting DIV 240 and a H&S pattern in 60m. Price was rejected from zone of resistance and has broker trendline. USDx has another potential push to the upside which helps the NZD moving down. The target is the square up.
Comment:
Moving the stop to Break Even, as price has moved 50 pips from entry
Trade closed: target reached:
Closing Trade as it got to target