I will be just dumping all NZD bearish trades into one post. This week is mostly about NZD shorts. Just that I din stay long enough to hold into larger profits.
exited NZDUSD shorts with profits. But have I done enough in such a dominant trend?
H4T trend. No reason to short it
trade outcome. Method of entry was more improvised and did not see the standard 1234 channel playing out. In such condition, I did ok as the position was not big enough as I was planning to hit bigger if it should retrace furthur up more.
My original intention was that price could be pumping down for another down before the final leg up. I did TP eventually for +43 but the final result made me look like a novice.
In all, NZD broke a key level and it is time to look for nzd bearish trend continuation.