NZDUSD breaking out of consolidation? Needs confirmation.
From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation.
Measured target for this move shown in the chart.
This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us.
This is not trading advice. Trade at your own risk.
Measured target for this move shown in the chart.
This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us.
This is not trading advice. Trade at your own risk.
評論:
Always important to wait for confirmation. Breakout is a dud for now. Very confusing price action here means more sideways most likely.
交易進行:
Some strong bearish PA is pushing the price lower. Bears are trying to fulfill this breakout maybe. If successful, we could be seeing a move down to the 0.69 handle.
Went short with a small position just in case. Again, overall, I think this is a low probability setup at this point (but with a good R/R). Not trading advice. Please DYOR.
Went short with a small position just in case. Again, overall, I think this is a low probability setup at this point (but with a good R/R). Not trading advice. Please DYOR.
交易結束：達到停損點:
Lost the small position here. Always wait for confirmation, kids!
