Three main reasons for selling:
1. Very long at resistance
2. Psychological level of 1.00
3. Current body engulfs previous candle body
Entry at current levels: 0.99
Stop Loss: Above the high of candle, 1.007
Take Profit: Trailing exit but ideally 0.96
A triangle is forming on NZDUSD. I'm patiently waiting for a break in either direction, though my preference is going short on a break and daily close below the trendline.
