NZDUSD Starting to build short positions
Updated
Entered first short at market and will look to add more pending on PA and consolidation of this this pair at this level.
Looking to be right shoulder of S&H as outlined in previous posts. HOWEVER - being very mindful not to over commit in case for a trend continuation. Just in case something unexpected happens during the election.
Expecting FED to a have reduced hawkish outlook and hold rates for obvious reasons - important to note that it will not be dovish. If that is the case then we are in for a trend continuation.
First alarm bell PA close above daily dynamic resistance ( EMA800 ) however am excepting some more bullish momentum from here on to push beyond .731xxx - which is second alarm bell.
Have a second short order floating below 0.7325 waiting to be triggered but this one is being closely monitored for PA.
Trade your plan and GL
Looking to be right shoulder of S&H as outlined in previous posts. HOWEVER - being very mindful not to over commit in case for a trend continuation. Just in case something unexpected happens during the election.
Expecting FED to a have reduced hawkish outlook and hold rates for obvious reasons - important to note that it will not be dovish. If that is the case then we are in for a trend continuation.
First alarm bell PA close above daily dynamic resistance ( EMA800 ) however am excepting some more bullish momentum from here on to push beyond .731xxx - which is second alarm bell.
Have a second short order floating below 0.7325 waiting to be triggered but this one is being closely monitored for PA.
Trade your plan and GL
Trade active
hit at 0.733 - God I hope Trump does not screw this up.....
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