NZDUSD Long Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 9, 2021 7:28 AM

- Price showing consistent bearish market structure with lower highs and lower lows
- Recent equal lows followed by consolidation period indicate some bullish pressure beginning to step in
- Will be awaiting break of dynamic resistance followed by retest before taking long buy position
- Take profit set based on previous price action

Looking for a 1:5RR, 2% risk, let's see how price action develops going into next week⏳

Comments

World_Open_Forex

⋅ Apr 9, 2021 9:33 AM

An interesting perspective that i had not considered.

rcjugg

⋅ Apr 10, 2021 7:03 PM

@World_Open_Forex, thanks mate👍🔥, what was your initial perspective prior to seeing mine?

World_Open_Forex

⋅ Apr 12, 2021 6:37 AM

@rcjugg, I think I have it somewhere on my ideas - i'm not sure if you can see them though, let me know. It was a sell.

rcjugg

⋅ Apr 12, 2021 10:54 AM

@World_Open_Forex, I can't seem to see it, maybe because we are in different countries :/

World_Open_Forex

⋅ Apr 12, 2021 1:57 PM

@rcjugg, Ah no, UK here - I can't send a screenshot to you via message either - but oh well.

rcjugg

⋅ Apr 13, 2021 11:35 AM

@World_Open_Forex, Ah ok no worries