Short NZDUSD – test of breakout to downside level
Trading idea on 1h chart:
Short NZDUSD – test of breakout to downside level
________
Trading idea: limit sell order at 0.7540, Risk-Reward = 6.67
SL@ 0.7555 (-15), TP@ 0.7440 (+100)
________
NZDUSD:
- downtrend on 4h and 1h chart
- retest of breakout level at 0.7540-0.7550
- next move should be lower to 0.7484 (Target1) or more probably to 0.7440 (final target)
__________________
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Short NZDUSD – test of breakout to downside level
________
Trading idea: limit sell order at 0.7540, Risk-Reward = 6.67
SL@ 0.7555 (-15), TP@ 0.7440 (+100)
________
NZDUSD:
- downtrend on 4h and 1h chart
- retest of breakout level at 0.7540-0.7550
- next move should be lower to 0.7484 (Target1) or more probably to 0.7440 (final target)
__________________
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.