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FinancialGamblR
23. Sept. 2021 00:32

NZDCAD Breaks Below 0.89415 Short

NZD/CADOANDA

Beschreibung

  • 0.89415 is the key level to watch here.
  • If price is able to hold below this level, I anticipate that this breakout will be successful.
  • Even if price trades back above this level, I want to see some kind of bullish momentum exhaust and then I would still have a bearish bias.
Kommentare
jcgarciasigma
congrats. the bears are in control. more pips to us!
FinancialGamblR
jcgarciasigma
great. bearish bias, where do u see tp1?
jcgarciasigma
FinancialGamblR
@jcgarciasigma, thanks. the 0.8902 is actually a daily ATR indicator showing the upper/lower band. in this case, 0.8902 is the lower band. for something this structural, i wouldn't set a take profit. in any thing, i would actually add size if it makes a strong move lower and then "stalls."
jcgarciasigma
@FinancialGamblR, hey man! thanks! i added size (+10 lots down) after being rejected by the res. but now just took a tp after securing 13.3k us exactly reaching daily fib 0.5. thanks man.
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