fxstudent299

Short NZDUSD – test of breakout to downside level

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading idea on 1h chart:
Short NZDUSD – test of breakout to downside level
________
Trading idea: limit sell order at 0.7540, Risk-Reward = 6.67
SL@ 0.7555 (-15), TP@ 0.7440 (+100)
________

NZDUSD:
- downtrend on 4h and 1h chart
- retest of breakout level at 0.7540-0.7550
- next move should be lower to 0.7484 (Target1) or more probably to 0.7440 (final target)
__________________
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.

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.