Here is my view on NZDUSD SHORT, Any type of feedback is greatly appreciated it. Thank you
Time: 05:00 GMT
Forex Pair/Commodity: NZDUSD
Position: SHORT (SELL)
Monthly: could not break above the 50 , high test, follow by candle, then last month end with another high test
Daily: over extended run to the downside, hit horizontal line @ 0.7000, Price action formed high test after pulled back to 0.382 fibs retracement on , ascending and 50 .
4 Hour: break down the support , 20 , forming a small pattern
1 Hour: double tops, break down 20/50 and support , retest at main , and 50 , showed double tops
Looking to take this pair to daily horizontal of 0.7000 area.
Thank you for your support
Time: 17:00 GMT
Now the trade has already make 1% profit, move my stop loss to break even @0.7100, still targeting the daily horizontal support and resistance line/area of 0.7000
Time: 04:00 GMT
Got stop out at BREAK EVEN price @ 0.7100, before the NFP results.