NZDUSD Short Strategy
Based on the D1 timeframe, momentum from the previous daily candle is looking very bearish. So I wont be looking to buy this pair today. After scaling down to the 4H , we see a break and retest of the critical resistance level.
Entry criteria will be based of the signal we get on the 1H, so now we basically sit back and wait for price to give us a bearish candlestick signal (preferably an engulf, shooting star or hamari).
The first take profit will be set at 0.70030 and the second at 0.69520
Cheers!
Entry criteria will be based of the signal we get on the 1H, so now we basically sit back and wait for price to give us a bearish candlestick signal (preferably an engulf, shooting star or hamari).
The first take profit will be set at 0.70030 and the second at 0.69520
Cheers!
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