NZDUSD SHORT TRADE POST ANALYSIS (1H)
NZDUSD SHORT POST ANALYSIS
I never posted this trade on TradingView but I wanted to make a post on it so you guys can see what an ideal trade may look like. I don't post every single one of my trades on this source due to the fact that it is a free source. BUT I want to be posting my trades on here for educational purposes as well. So for this trade setup I was watching this pair and had seen that NZDUSD had been down trending for a good period of time. On the 1H time frame I saw a very strong push down by the seller into recent structure/trend lows and then a very weak reaction by the buyers at the structure low. Most people would be looking to buy this pair at the low but since I use momentum to allow the MARKET to show ME a trade opportunity I saw a good fit here. On the 1H chart as you can see in the image I annotated I waited for price to come into the .66000 handle and waited for seller momentum to come back in at that level, to show me they were still interested. We had got that and EVEN got another weak re-test by the buyers giving us a good entry opportunity with good risk/reward.
This trade setup was a success. Hope you learned something new! Cheers!
I never posted this trade on TradingView but I wanted to make a post on it so you guys can see what an ideal trade may look like. I don't post every single one of my trades on this source due to the fact that it is a free source. BUT I want to be posting my trades on here for educational purposes as well. So for this trade setup I was watching this pair and had seen that NZDUSD had been down trending for a good period of time. On the 1H time frame I saw a very strong push down by the seller into recent structure/trend lows and then a very weak reaction by the buyers at the structure low. Most people would be looking to buy this pair at the low but since I use momentum to allow the MARKET to show ME a trade opportunity I saw a good fit here. On the 1H chart as you can see in the image I annotated I waited for price to come into the .66000 handle and waited for seller momentum to come back in at that level, to show me they were still interested. We had got that and EVEN got another weak re-test by the buyers giving us a good entry opportunity with good risk/reward.
This trade setup was a success. Hope you learned something new! Cheers!