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FranciscoBento

NZDUSD Symetrical Triangle Formation SHORT

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
FranciscoBento Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns NZDUSD nzdusdshort nzdusdtrade nzdusddaily
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chartpattern nzdusd nzdusdshort nzdusdtrade nzdusddaily
The formation of this triangle in the 1D is evident, so I think the price will test the identified support zone and should come down. Let's see how this reacts to the zone and eventually open a short position. This is my analysis. We only open position with bearish confirmation.
Comment:
On the H4 we can see that the price rejected the trend line and it's pushing down. I've opened a SHORT position at 0.68850 with a tight SL at 0.69150. Let's see how it goes during the day and hopefully we can close positions with some good profit.
Comment:
snapshot
H4 Chart
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snapshot
H4 Chart closer
Comment:
It continues to fall :D +30pips profit on this!
Trade closed: target reached:
I've closed my position with +40 pips profit! Thank you all!
Comment:
It continues to fall +20 pips! Thank you guys for following! Hopefully we can make more profits day by day!
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