(J)Trade 28: One more dip #NZDUSD #FOREX
Trade 28: Short NZDUSD @ 0.6500
Trade Status: Active
S.L 0.6560
T1: 0.6425
T2: 0.6350
Balance = $29,846 Position size = 1.2 lot ~ 2.5% risk of capital
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Reasoning
-Retesting latest swing lows at 0.6500, may act as resistance
-Pin bar at retest
-A major selloff yesterday, followed by a strong bullish bounce, usually we see another bearish attempt following such price action. We have seen several times recently.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Trade Status: Active
S.L 0.6560
T1: 0.6425
T2: 0.6350
Balance = $29,846 Position size = 1.2 lot ~ 2.5% risk of capital
===========================================================================
Reasoning
-Retesting latest swing lows at 0.6500, may act as resistance
-Pin bar at retest
-A major selloff yesterday, followed by a strong bullish bounce, usually we see another bearish attempt following such price action. We have seen several times recently.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com