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Short

NZDUSD - A Fantastic Short Opportunity

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
743 4 22
Greetings Fellow Traders,

I will be shorting NZDUSD             at current price, if you've been following my NZD analysis you know that I am looking for some significant depreciation in the NZD currency pair in the medium to long term.

While .64000 will remain to be a key technical level, NZDUSD             has managed to soar up to the weekly bearish strength.

I am Short on NZDUSD             - I will only reconsider this position with a daily/weekly close above .6750.

Feel free to comment/like/follow.
Where is your SL in this case. thanks in advance.
+1 Reply
Synapse forexmech
I do not use a hard stop loss forexmech - my analysis for NZDUSD will need to be reconsidered for long possibilities if we get the daily/weekly close above the bearish trend line.
Reply
Do you think it is still ok to enter a short position on this pair?
+1 Reply
Synapse JulioCesarTorresO
Hi JulioCesarTorresO, yes I do - I still expect the .64000, but a substantial pullback from this trend line first.
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