Hi traders,
Our dear friend NZDUSD is now in our sight. This pair was in an uptrend for some time before breaking it to the downside. As you can clearly see the price went back to touch the bottom of the previous trend line before falling down yet again. The price is now battling in that order block. Since the bias is bearish at the moment, we waited for a retracement to previous FIB extension and the top of the order block to go SHORT on this pair.
All other details are in the chart, go take a look!
Here's my view :
NZDUSD SHORT:
ENTRY : 0.72124
SL : 0.72657
TP 1 : 0.70643
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Our dear friend NZDUSD is now in our sight. This pair was in an uptrend for some time before breaking it to the downside. As you can clearly see the price went back to touch the bottom of the previous trend line before falling down yet again. The price is now battling in that order block. Since the bias is bearish at the moment, we waited for a retracement to previous FIB extension and the top of the order block to go SHORT on this pair.
All other details are in the chart, go take a look!
Here's my view :
NZDUSD SHORT:
ENTRY : 0.72124
SL : 0.72657
TP 1 : 0.70643
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade closed: stop reached:
Touched SL in profit. Nice job again!
