I just got short the NZDUSD as we've created a pullback into previous structure support which should now act as resistance.
During our complex pullback the market was able to form a bearish advanced bat formation coming into our previous outside return which is what i used as my entry reason for this trade. (This is essentially the inverse of what I mentioned in yesterday's Forex market Preview video when looking at the USDCAD)
Unlike some of the other trend continuation trades I've discussed in the past, i don't expect a high profit potential with this one due to the level of support that rests back down at the $0.70 level
During our complex pullback the market was able to form a bearish advanced bat formation coming into our previous outside return which is what i used as my entry reason for this trade. (This is essentially the inverse of what I mentioned in yesterday's Forex market Preview video when looking at the USDCAD)
Unlike some of the other trend continuation trades I've discussed in the past, i don't expect a high profit potential with this one due to the level of support that rests back down at the $0.70 level
交易進行:
Currently Short at 7050
交易結束：達到停損點:
Stopped out for -27
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
anchor.fm/thetradingcoachpodcast