After extremely strong move to the upside, EC started consolidating and finally broke the trendline with a nice formation to the downside and possible SHORT trade with a 3.66 RR Make sure to wait for the fat blue line to be broken with strong candle. If it barely breaks it or if you see a long wick, be careful with this trade.
Pretty good looking setup on this pair to go short. I am risking 0,5% on this trade. Looking good but not perfect. Good day traders!
2H CANDLE HAS TO CLOSE BELOW THE BLUE LINE FOR VALID SHORT SETUP.
After some strong movement to the upside NZD got exhausted and we saw a pullback. If this trade confirms it might be an end of it. With a nice 1:3 RR Not the cleanest trade so make your risk lower than usual. DovyFX