> usually betting against the market is losing money but if done right can earn a lot of money.
>here there's a support at 270. if broken can attract a bearish trend.
The long correction would be finally over after this.
>Gaps usually get filled.
> 243 is a likely target.
> my last trade was a little early, as not all previous longs were cleared.
> but this time it seems that the buyers are trapping the stop losses to start their positions.
> my stop losses are still in place if I'm wrong
> The bulls have cleared all their positions from the last move and the quick shortfall has got all the stop losses where the new longs have entered.
>Any fall from now can be a sign of future short setup, but that is almost unlikely to happen.
> T1 can be achieved where the previous resistance exists.
> The trend has changed to a downtrend.
> From the last bearish move the shorter must have cleared their positions by now and it's time for an another short move.
>If the price touches the downtrend it is most likely to trigger a lot of short moves.
> touched 50 MA and bounced.
> besides, institutional investors have bought and completely cleared heir last positions.
> A new wave of same investors with volume can pick it from right here.
> Risk/Reward = 4times.
>lot size half on entering and the other half of confirming wave.
> If the price breaks below the 50 MA it is more likely to head further down.
> the previous trade buy institutional investors on GBPNZD was to sell at 2.062 and it was later covered yesterday's night.
> Now technical analysis suggests that the support level below which was tested previously is very strong to break down.
> Also the price fell drastically at 2:30 am Indian time. which in GBP pairs can also mean fake-out to buy the sellers...
> Institutional investors are buying this pair
> nzd is getting stronger.
> last1h candle strong buy symbolizes the buyers are buying again.
> Last long positions were cleared.
> We're buying against the trend so risk half the lost size and buy again if the trade gets confirmed.
> SL is strict.
> Short covering
> JPY is looking weak
> the price went down before and didn't go back up; it seems the sellers are going to cover their positions.
> Also keep your SL strict if the trade goes wrong or any fakeout occurs we can always enter again.
> risky trade so use half your regular lot size.
ALL THE BEST!
>The institutional bears who were selling since 1.1096 level has finally come to clear their existing positions.
> This will push the price up.
> normally 50% retracement level is where the positions are totally cleared, but it is difficult to trade the UNLOADING OF POSITIONS.
> So we can trade moment by moment.
>lot size should be half than normal because we are...
>The price has touched the bottom channel line, indicating it will continue its uptrend.
> SL is specifically placed close if the move is wrong then waiting for it to turn around can be costly. Instead, we can just get out as early as possible and if it does turn around then we can always buy again.
> price touched the down trendline.
>shorts are entering
> USD will be strong
>previous resistance/support level
> target is the upper trendline formed (green colored zone)
> adjust STOP LOSS as per your system.
risk/reward = 3.95
> Touched down trendline.
>the price couldn't break through the current level. Sign of strong sellers.
> if the price breaks the current range, it may get uncertain so stop loss it must.
>USD will be strong.