UnknownUnicorn6894186

POSSIBLE MOVE FOR NZDUSD? PLS COMMENT.

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I see there is possible downtrend movement from the current price. As you can see in the chat, it is completed my technical analysis as following:

✔ Breakout Trendline
✔ Break 2 Significant Base

But, it seems like the price already go from my best entry point. So lets move on. From the current price, there is 2 possible way it will go:

1. BLACK will happen if price break 0.71850.
2. PURPLE will happen if price reject making doji and 1 more red candlestick.

I am new to this, but I want to get other point of view. My pending order right now;

(SCALP) Buy Stop @ 0.71580 - if it break 0.71850 with big green candlestick , go LONG.
SL - ???
TP - 0.72300

(SWING) Sell Limit @ 0.72300
SL - ???
TP 1- 0.71580
TP 2- 0.70930
TP 3- 0.70500

(SCALP) Buy Limit @ 0.70500
SL - ???
TP - 0.70780
Trade active:
Seems like price reject zone 0.71430, can go SHORT / SELL TP 0.70930. Good luck!!
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.