NZDUSD / Price retesting Structure Resistance
2018-5-22
1. NZDUSD has been very bearish since breakout of the consolidation zone.
2. Price has tried to hold up near Previous Structure Low (Yellow) but failed
3. Price is now once again retesting this level and we look to Short inside the resistance zone (Blue zone)
1. NZDUSD has been very bearish since breakout of the consolidation zone.
2. Price has tried to hold up near Previous Structure Low (Yellow) but failed
3. Price is now once again retesting this level and we look to Short inside the resistance zone (Blue zone)
Trade active
A beautiful Gartley pattern completion right inside the Structure resistance Zone triggered our entry
Stop Loss above Previous Highs
TPs as shown
Trade closed: target reached
TP#1 Reached Profit = 28 pips
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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.
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.