$nzdusd - I am bearish but why?
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
Trade Journal
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
Trade Journal
Trade active:
3/4 position short - if we head higher i'd add in short and stops above those highs. TP at 2 support areas. Dependent on various other factors as well.
Comment:
Took my profits on Friday - No position left. No trade set up as for yet.