NZDUSD Short
Updated
Following up with our dollar narrative, all majors have taken a hit against the greenback.
Time for NZDUSD, after last week sweeping the highs for some liquidity grab - and short order fills - above previous weekly highs ( to then close the week bellow these highs ) , we are now faced with a confirmation daily candle of a bearish continuation.
Aligned with a daily candle on the EURO closing bellow Q1 lows today.
Taking this setup with 0.50% risk, 1:2 RR - high chance of turning it into 1:3 RR.
USD ADP Non-Farm Employment Change coming this Wednesday.
Time for NZDUSD, after last week sweeping the highs for some liquidity grab - and short order fills - above previous weekly highs ( to then close the week bellow these highs ) , we are now faced with a confirmation daily candle of a bearish continuation.
Aligned with a daily candle on the EURO closing bellow Q1 lows today.
Taking this setup with 0.50% risk, 1:2 RR - high chance of turning it into 1:3 RR.
USD ADP Non-Farm Employment Change coming this Wednesday.
Order cancelled
Move completed, entry not triggered, cancelling this trade idea.
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