I think NZDUSD Will be short in the next dates. My strategic is base in trend + momentun + resistance & support with a strong money management system. I Will list the rules and the situation so far.
1) Price is bellow 50 Moving average: OK
2) Price reverser and touch the 50 Moving average: Pending
3) Momentum indicator show below cero: OK
4) CCI indicator need to show reverse creossing 100 % range and then the direction pointing down: Pending
5) Risk reward: 1:2 I expect the Price broke the support 0.6600 and retrace to this Price level and the entry the position: Pending
6) Entry Point: 0.65772
7) Stop loss: 0.66305
8) Take profit; 0.64299
Regards
1) Price is bellow 50 Moving average: OK
2) Price reverser and touch the 50 Moving average: Pending
3) Momentum indicator show below cero: OK
4) CCI indicator need to show reverse creossing 100 % range and then the direction pointing down: Pending
5) Risk reward: 1:2 I expect the Price broke the support 0.6600 and retrace to this Price level and the entry the position: Pending
6) Entry Point: 0.65772
7) Stop loss: 0.66305
8) Take profit; 0.64299
Regards