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Raymond_Jeffries

NZD Short at a Level of Structure

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
Raymond_Jeffries Updated   
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance structure-trade structuretrade structureanalysis
2
1
supportandresistance structure-trade structuretrade structureanalysis
Looking at this level for a short on the NZDUSD 60m. We haven't gotten a confirmation for entry yet but this may be an area to look for a double top or a 3 bar reversal if you're aggressive. Setting up for a pretty decent reward to risk with just over 2.5/1.

-Raymond Jeffries
Comment:
News spike on Fed Powell this morning spiked this one. Depending how you trade news announcements you may have been out prior.
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