BenFxLDN
Short

NZDUSD #Forex #ForexTrader #ForexTrading #ForexChart

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
With the overall trend being down on the Daily TF

There have been numerous test of this 0.64 level and there is a nice shooting star candle followed by an engulfing candle.

IF this current 4HR candle can finish like this then i will be taking a short trade along with other reasons for my entry

Any questions feel free to ask

Comments

yes! good trade!
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@nelsyboy yeah i was long since 0.62840 based on the inverted H&S pattern but that was a short(ish) term trade because overall we are down trending on the daily TF

There are a few reasons i need to enter a trade and because that candle i was referring to when posting the idea didnt finish strongly enough i havent actually entered the trade.
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nelsyboy BenFxLDN
@BenFxLDN, I have decided to cash out on my long trade. Just doesn't fit right with me to wait and see. Interesting to see where it will go from here.
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Hello @nelsyboy , i have 2 targets 1) 0.63500 and 2) 0.62500
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nelsyboy BenFxLDN
@BenFxLDN, I am new to this site so just finding my way around. It's funny because I was long from 0.63500 and I was just looking at other pairs and noticed that the USD's momentum on the weak side was stalling. then I saw your post and I questioned whether I wanted to stay in the trade or not. The daily stochastic was running high and what with other doubts, I was wondering where it would go next. I think down looks more likely than up at the moment.
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Do you have a potential target figure @BenFxLDN ?
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