then I feel its a great entry to be short
This idea comes from the recent no change in interest rates
No change = Sell :)
this idea is framed upon the consolidation that formed on NZDUSD.
Having perfectly traded back up to previous support and turned around, it may not show a willingness to return to a similar level.
- This is not a signal, rather my explanation to my future self if I go through these trades I don't wanna look and think I really cant remember why I thought that it would trade higher.
Its also a great point to make, to anyone who's brand new that its better to have a plan and react, rather than taking the trade because your analysis says up so if you place a buy you'll probably make money -