mashru
Short

Short NZDUSD for Bear Continuation pattern

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
snapshot


As can be seen from the chart, FX:NZDUSD             has formed a flag within a larger bearish downtrend - and hence seems to be a bear flag formation, targeting the length of the flag stick at around 0.71 levels.

While the ideal entry point should be closer to the 7280 region, we are initiating a short position with 50% capital at current levels of ±0.7245 and leaving a limit for the balance 50% at 0.7275, targeting 0.7110. The stop-loss for the trade would be beyond the supply zone between 7280 and 7300 at 0.7310.

Sell Entry : 0.7245 (with another sell order at 0.7275)
Target : 0.7110
Stop : 0.7310
Trade geschlossen: Stop wurde erreicht:
snapshot


NZD pushed higher and took out our stop at 0.7310

However, as can be seen from the above chart, we are still in the bear flag formation, so have re-entered the trade at 0.7310 and moved stop to 0.7365
Trade ist aktiv:
snapshot


Good thing we continued with the idea. The decisive break of the flag occurred with the CPI print, and now we are surely headed lower...
Trade geschlossen: Stop wurde erreicht
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden