NZDUSD 1:3 Risk Reward SHORT

Mar 21, 2019

Possible setup here on a technical basis.

Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD

Mar 26, 2019

Note

Fundamentals no longer in favour, i have an opposite conviction now that NZD will long

Mar 27, 2019

Note

RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearish

Apr 18, 2019

Note

Various NZD negative news pushing the position further

May 23, 2019

Note

Trade taken just about 2 months to materialize

May 31, 2019

Trade closed: target reached