If price can get back to 0.76200
then I feel its a great entry to be short
This idea comes from the recent no change in interest rates
No change = Sell :)
コメント:
If price doesnt consolidate & keeps trading lower then this trade will be forgotten.
this idea is framed upon the consolidation that formed on NZDUSD.
Having perfectly traded back up to previous support and turned around, it may not show a willingness to return to a similar level.
- This is not a signal, rather my explanation to my future self if I go through these trades I don't wanna look and think I really cant remember why I thought that it would trade higher.
Its also a great point to make, to anyone who's brand new that its better to have a plan and react, rather than taking the trade because your analysis says up so if you place a buy you'll probably make money -
this idea is framed upon the consolidation that formed on NZDUSD.
Having perfectly traded back up to previous support and turned around, it may not show a willingness to return to a similar level.
- This is not a signal, rather my explanation to my future self if I go through these trades I don't wanna look and think I really cant remember why I thought that it would trade higher.
Its also a great point to make, to anyone who's brand new that its better to have a plan and react, rather than taking the trade because your analysis says up so if you place a buy you'll probably make money -