NZDUSD - (SHORT) Bearish Bat & 1st Shot TCT

I just got short the NZDUSD as we've created a pullback into previous structure support which should now act as resistance.

During our complex pullback the market was able to form a bearish advanced bat formation coming into our previous outside return which is what i used as my entry reason for this trade. (This is essentially the inverse of what I mentioned in yesterday's Forex market Preview video when looking at the USDCAD)

Unlike some of the other trend continuation trades I've discussed in the past, i don't expect a high profit potential with this one due to the level of support that rests back down at the $0.70 level

Dagangan aktif:

Currently Short at 7050

Dagangan ditutup: hentian tercapai:

Stopped out for -27