A swing-traday SELL setup on NZDUSD.

May 6

NZDUSD price is currently reacting from the 0.618 fit-trend tool signalling exhaustion.

I expect lower prices from the above-marked supply area in a few days.

#NZDUSD
SELL Setup
1:5 RR
Wide-stop loss.
Expectation, 1-2 weeks.

A positive swap rate trade.

Manage risk, and Let's get it.

May 7

Trade active

May 13

Note

The trade is giving a good reaction now. We should protect it after a +1R by moving the stop to entry. Patience 💪

May 14

Note

Time to move stop to BE through the Asian session. We don't want any surprises while we are sleeping. We've gotten a +1R on this trade already, so it's a win. Tomorrow we'll monitor for changes that might prompt us to close it early or hold until next week. Patience 💪

May 15

Note

Beautiful PA so far, we'll see what the next week gives us.

May 28

Note

Second entry is active.