NZDUSD : SELL

Updated
TRADE PARAMETERS
Pick Date : 03/19/18
Entry : 0.7281
Stop : 0.7301
Target : 0.6499

TRADE STRATEGY
Income Type : Swing

ENTRY
0.7281 is a 4H demand zone. Set and forget limit order. Price will need to have a strong move into the zone.

STOP
0.7301 is 20 PIPs.

TARGET
0.6499 is the next monthly demand zone. Speculating a move lower because the opposing monthly supply was respected Chart should form a monthly lower low and lower high down trend.
Note
Not liking this price action. Entry moved higher to 0.7298.
Trade active
Trade open at 0.7295. Took it confirmation with a 15 pip stop.
Trade closed: stop reached
Stop was triggered. Trade idea was a bust.
4hNZDUSDSELLSupply and DemandSupply Zone

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