Gelium

NZD: Consolidation in the long-term support zone.

Long
Gelium Updated   
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Consolidation can be broken both down and up. With a small stop, the profit factor can be good enough for such a small consolidation.

Why was the short position opened:


Comment:
Sell, buy and again sell. :)
Comment:
A possible target level is a long-term level of support.
Comment:
Stop order moved. Very weak dynamics after a breakthrough down the long-term support level.

Trade closed manually:
Positions are closed. I'll look at the dynamics. It is possible to restore short positions if the upward movement does not gain acceleration.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.