NZDUSD Pattern completion

٢٣ يوليو ٢٠٢١

NZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break below, on a retest we will be looking to enter short and for price to continue the downside move. Note that we will only be entering on retests as it will provide us with the confirmations we need and superior R/R. Targets set at 1.272 extension of the previous swing. A break above our key area will invalidate this set up.

If you have any questions please comment. - Nick

٢٦ يوليو ٢٠٢١

تم فتح الصفقة

NZDUSD Short now active.

٢٧ يوليو ٢٠٢١

أغلقت الصفقة: تم الوصول لوقف الخسارة