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The NZDUSD is giving us a nice short opportunity, if you would like to understand the reasons I believe the market is getting an upcoming trend correction, I suggest you to have a quick look on my previous NZDUSD Daily Analysis, you could check it out on my "Link to Related Ideas" or clicking the link below:
Let's focus now on the area the interests us:
The trendline resistance rejected and reversed the market two times and now that the price reached the same level again, there is still a new short opportunity, the bearish tweezer candlestick pattern could be an interesting entry point, here below the details of this trade:
ENTRY POINT: 0.71870
TAKE PROFIT: 0.70926
STOP LOSS: 0.72408
RISK/REWARD RATIO: 1.6
The NZDUSD is giving us a nice short opportunity, if you would like to understand the reasons I believe the market is getting an upcoming trend correction, I suggest you to have a quick look on my previous NZDUSD Daily Analysis, you could check it out on my "Link to Related Ideas" or clicking the link below:
Let's focus now on the area the interests us:
ENTRY POINT: 0.71870
TAKE PROFIT: 0.70926
STOP LOSS: 0.72408
RISK/REWARD RATIO: 1.6
