I have shorted a small position here at 1.10249 and plan to add more near the upper trendline, if all goes to plan should see it reverse from there.. Will try to keep stop nearby 100 pips of total avg of my position.
Looking to go long the DAX index if it dips into my buy zone. Seems to have broken some major supports and still looks heavy. I will be watching it around the next TL drawn on the chart to get into a long entry. This is a high risk trade.
Since the NZD rate hike and all the hawkishness we saw from Wheeler ignited huge buying into the NZD pairs as market was not expecting this at all, I'm thinking it should start retracing a bit but it is a risky trade though looking at that sell off in the GBPNZD, I would prefer having a smaller ...
You could wait for better R:R, I know I will. It seems to face rejection at this level and looks like a great short at this point, you can short right now too but the risk is hgh at the moment. A break below 1.6954 would also validate this idea, which has been support for the past few days.