NZDUSD - Short, but needs to break through current support
I'm short at .71950. There is a support price needs to break through. If not price could retest resistance. Because of this, I have a fairly narrow SL. If price is unable to break through support, a rebound would allow a better entry price.
The Weekly chart below indicates the justification for this short trade.
W
D
4H:
The Weekly chart below indicates the justification for this short trade.
W
Trade closed: stop reached:
Small loss. Adjusted SL during the course of the trade. (.72280)
Small loss. Adjusted SL during the course of the trade. (.72280)