MP4

Is this signal for short?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I see this trade in Amateurs eyes for very risky short position. If you would like to get in, it's not smart because on the other side, we have buyers who are waiting for small sellers.

At this moment every amateur looks at M15 and think; ''Oh,this is range and we broke through. Now I can get into and earn some money''. It can go to 1:1 (sl/profit) from entry where we broke through range, but it's very risky, so I rather wait sellers to come into higher timeframe zone (we are already in this zone)

If sellers break though buyers strong zone, next buyers push will be even harder.

Prepare yourself!

Enjoy reading my analysis and see you next time

Martin

Comments

I didn't mark which way we are going, but if you read my thoughts you can relize this was signal for LONG.

I shared only my thoughts, how to stay on the right side versus how Amateurs look on this trade
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