theselfishtrader
Short

Kiwi - Price in an ideal shorting area but..

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
..I am not feeling confident about this opportunity emerging. Price is trading right up against the outer edge of the resistance zone and the price action suggests a breakout is close. If there is a false break, then things could move very quickly in the opposite direction. I will be watching keenly...
Trade active: I am short from 0.7161. Price overshot the resistance zone as I thought it would, and I am now short in expectation that this is a false break. Lets see what happens...first target would be around 0.7100.
Trade closed manually: Closed +30 as I didn't see any follow through to the downside following the positive ADP news release.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out