Hey Traders!
I would like to share a NZDUSD possible short trade here.
As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well.
Just look for a sign of weakness on H1 chart and enjoy your trade.
SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart.
Have fun!
I would like to share a NZDUSD possible short trade here.
As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well.
Just look for a sign of weakness on H1 chart and enjoy your trade.
SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart.
Have fun!