NZDUSD Sell (Short) opportunity for bears
Listen guys, this is a perfect opportunity to collect 200 pips.
The NZDUSD in a long term down trend. But it need to close below the short term upward trending channel. Yes, you can start selling below the channel but for safer entry would be below the 50 MA.
Therefore wait till the candle close below the red line (50 MA) to enter. Then follow the chart for TP1. But this setup will not be valid in a case where the candles failed to close below the horizontal support.
Good luck.
NOTE: This is not a financial advice.
The NZDUSD in a long term down trend. But it need to close below the short term upward trending channel. Yes, you can start selling below the channel but for safer entry would be below the 50 MA.
Therefore wait till the candle close below the red line (50 MA) to enter. Then follow the chart for TP1. But this setup will not be valid in a case where the candles failed to close below the horizontal support.
Good luck.
NOTE: This is not a financial advice.
Trade closed manually:
I am closing this manually with profit since there is a risk.
Trade closed: target reached