ScottMescudiForex

NZDUSD : SAME OLD STORY, DROP INCOMING

Short
ScottMescudiForex Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey guys!

We shift our focus on the NZDUSD this week. We have a great RR trade here. See the chart for the analysis. Also it is important to mention that the RSI and MACD are telling us that we have stalled in this uptrend. Maybe the drop isn't imminent as these indicators can stay high longer than a trader can hold a position but we will have a correction coming very soon I think.

Trade safe!
Trade active:
I opened short @ 0.7344

SL is already under breakeven!

Let's get it!!
Trade closed: stop reached:
PA touched on trailing SL on NFP Friday

Such a shame because we are back right where we were before. We still banked 50 pips before selling!

Good job to everyone
Trade active:
Re-opened a trade of this pair.

We have a perfect wick on the 0.618.

SL : 0.7299
TP1 : 0.70969
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