Sept #1
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
FX:NZDUSD
As you can see that, NZDUSD is in a consolidation and it is going to give a bearish breakout, If the breakout is good risky trades can go for sell side and take retest entry if you are a safe trader. Plan your trade accordingly...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6916).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
We can see the trend has exhausted and a head and shoulder pattern is formed.
The breakdown has already happened, but wait for a retest if the SL is out of your risk limits.
Cheers.
