NZDUSD STRONG REVERSAL BELOW 0.6883
Updated
The weakness in USD is clear for all to see after FOMC release on Wednesday, however, we have to spot opportunities when the market presents it.
NZDUSD broke above the daily resistance 0.6883, the price action we have seen so far suggests that price is likely to reverse if it breaks below the resistance. Word of caution, Reversal does not mean a change in trend so we will break even at the earliest possible opportunity.
SHORT: 0.6902
STOP LOSS: 0.6925
TARGET: 0.6827
Break even as soon as price trade below 0.6883.
NZDUSD broke above the daily resistance 0.6883, the price action we have seen so far suggests that price is likely to reverse if it breaks below the resistance. Word of caution, Reversal does not mean a change in trend so we will break even at the earliest possible opportunity.
SHORT: 0.6902
STOP LOSS: 0.6925
TARGET: 0.6827
Break even as soon as price trade below 0.6883.
Trade active
Short Opened @ 0.6902stop @0.6925
Trade closed: stop reached
Stop taken position closed.
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