NZD/USD: Trend continuation (bearish)
Hey guys,
The pair strongly broke its initial balance during the Asian session and has not been able to get back at these levels.
Since the current value area is lower than the previous ones with lower highs and lower lows printing, I am favoring a trend continuation (bearish).
I will target the immediate support at around 0.70 levels.
The RR for this trade is slightly above 2.
Trade at your own risk.
Cheers
Jesse
The pair strongly broke its initial balance during the Asian session and has not been able to get back at these levels.
Since the current value area is lower than the previous ones with lower highs and lower lows printing, I am favoring a trend continuation (bearish).
I will target the immediate support at around 0.70 levels.
The RR for this trade is slightly above 2.
Trade at your own risk.
Cheers
Jesse
Comment:
Still in the trade waiting for M15 to close
Comment:
The pullback has much less volume suggesting the downtrend is still on
Trade closed: stop reached:
i'm out, bullish momentum seems pretty strong at the moment
