11021992
Short

NZDUSD: Bearish idea based on structure

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
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21
260 9
Hi traders,

On the NZDUSD we can see that price has broken the support area a few days ago. Now I'm looking for this support area to turn into a resistance area . It's also near the 38.2% Fibonacci retracement of the bigger downwards move.
Entry: 0.72400
Stop: 0.72604
Target: 0.71797 = R:RR 2.96

Good luck traders! Updates will follow.
Trade geschlossen: Ziel wurde erreicht: Perfection!
Great trade :D
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11021992 avidtrader89
@avidtrader89, Thanks! Straight down to the pip.
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@11021992, Love it when that happens! Another trade chalked off
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I like that you publish the charts way in advance ...
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11021992 edlund2005
@edlund2005, Cheers! I like to be prepared :) With price being so far away, you don't get emotionally involved as you would if you saw this a few minutes before entering.
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edlund2005 11021992
@11021992, That is pretty much correct!
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Thank you for sharing
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11021992 Nhatrang
@Nhatrang, You're welcome!
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Nice
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