NZDUSD: Sell Opportunity

The daily timeframe allows us to sell. The 1H chart can provide a sell opportunity if the price breaks the local uptrend line and moves below the local swing low.

Entry Point: below 0.63975
Stop Loss: above 0.64115
Take Profit: at 0.63685

Risk per trade must be no more than 1% of your capital. If the price moves above the local swing high and 0.64100, probably it will be better to search for a new trade opportunity.

Comment:

As the local swing low is the same, I will stay with pending orders for sell. If the market gives better entry level, it will change the trading idea.

Trade closed: stop reached

Comment:

The fake breakout, it was possible to buy based on the fake breakout and made profit.