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maxg98

NZD/USD short opportunity

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
maxg98 Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Moving Averages
1
0
trendanalysis movingaverage
Oscillating market
50 EMA resistance
+3 true S/R touches
MACD divergence
Phase: Pullback
Market deceleration
1:1 win ratio
Trade closed manually:
Due to lower timeframe analysis i decided to close my position. The price made a bullish 50 EMA support re-test.
Comment:
My new entry is @ 0.70097
sl @ 0.70650
tp @ 0.69494
The reason why i placed a new entry order is because the D1 candle formation from 11.06. shows significant bearish signs and we have a bearish 50 EMA break through. Best case scenario would be a re-test of the 50 EMA resistance.
Comment:
Main reason why i canceled my order on 08.06 was because of a failed shooting star candle formation but the latest D1 candle shows bearish signs again.
Trade active
Trade closed: target reached
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