Kiwi - Price in an ideal shorting area but..

..I am not feeling confident about this opportunity emerging. Price is trading right up against the outer edge of the resistance zone and the price action suggests a breakout is close. If there is a false break, then things could move very quickly in the opposite direction. I will be watching keenly...

Trade ist aktiv:

I am short from 0.7161. Price overshot the resistance zone as I thought it would, and I am now short in expectation that this is a false break. Lets see what happens...first target would be around 0.7100.

Trade wurde manuell geschlossen:

Closed +30 as I didn't see any follow through to the downside following the positive ADP news release.