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Eren_Jaeger_Trader

NZDUSD 1:3 Risk Reward SHORT

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Eren_Jaeger_Trader Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Supply and Demand Fundamental Analysis NZDUSD nzdusdshort NZD USD short Technical Analysis sentiment
4
0
supportandresistance supplyanddemand fundamental nzdusd nzdusdshort nzd usd short technicalanalysis sentiment
Possible setup here on a technical basis.

Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD

Comment:
Fundamentals no longer in favour, i have an opposite conviction now that NZD will long
Comment:
RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearish
Comment:
Various NZD negative news pushing the position further
Comment:
Trade taken just about 2 months to materialize
Trade closed: target reached

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