NZDUSD Re-open Short Position Next Week
It seems that DXY (USD) is still full of steam for the moment.
I closed my NU short position from Thursday, but I will reopen it when price breaks the zone I drew.
The zone represents a breakout, and I think that if price were to reach that area, it would be considered a breakout in the bearish direction.
I linked my NZDCAD idea (also bearish), the correlation seemed interesting enough to study.
This trade presents a good risk to reward ratio, of 2.5 (1:2.5)
I closed my NU short position from Thursday, but I will reopen it when price breaks the zone I drew.
The zone represents a breakout, and I think that if price were to reach that area, it would be considered a breakout in the bearish direction.
I linked my NZDCAD idea (also bearish), the correlation seemed interesting enough to study.
This trade presents a good risk to reward ratio, of 2.5 (1:2.5)
