NZDUSD Symetrical Triangle Formation SHORT
The formation of this triangle in the 1D is evident, so I think the price will test the identified support zone and should come down. Let's see how this reacts to the zone and eventually open a short position. This is my analysis. We only open position with bearish confirmation.
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On the H4 we can see that the price rejected the trend line and it's pushing down. I've opened a SHORT position at 0.68850 with a tight SL at 0.69150. Let's see how it goes during the day and hopefully we can close positions with some good profit.
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H4 Chart
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H4 Chart closer
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It continues to fall :D +30pips profit on this!
Trade geschlossen: Ziel wurde erreicht:
I've closed my position with +40 pips profit! Thank you all!
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It continues to fall +20 pips! Thank you guys for following! Hopefully we can make more profits day by day!