NZDUSD Short to 0.73243
Updated
NZDUSD encountered so resistance just below the 0.74000 so I am expecting a small retracement back down to around 0.73243 area.
This is a healthy retracement before it resumes its up trend to the 0.74000
I still believe that this pair will want to trade to 0.74000 longer term but for now I believe that a retracement is in the cards near term.
This will be interesting to see pan out in a demo account and I will make updates to this thread if my bias changes.
This is a healthy retracement before it resumes its up trend to the 0.74000
I still believe that this pair will want to trade to 0.74000 longer term but for now I believe that a retracement is in the cards near term.
This will be interesting to see pan out in a demo account and I will make updates to this thread if my bias changes.
Order cancelled
It ran into where I was expect it to go without tagging me in, I do not recommend keeping this on the books. If it hits my original entry, chances of getting the take profit hit is very slim.Trade cancelled.
May post something on AUDUSD later today.
Note
It turns out that it worked out for the better. These markets are acting stupid right now, nothing but consolidation and other pair being held in ranges.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.