3rd Trade - Short NZD/USD

JoshWinter
JoshWinter

We are shorting NZD/USD here. The reason is because it had such a nice run and not seems to be a resistance area. The reason for entry is solely Picking The Top. These type of entries can work great or stop you out fast. It sometimes requires a few bullets to get the timing right. We shall see how many this pair takes us. The dollar looks weak but the NZDUSD looks due for a retracement.

NZDUSD #KIWI

Always a Student. B)

Comments

  • JoshWinter
    JoshWinter
    Posts: 501

    We are still in this trade and short NZDUSD. We are currently down about 19 pips as I write this post. This is the only position still on in MAJOR KEY USD live account.

    Always a Student. B)
  • JoshWinter
    JoshWinter
    Posts: 501

    Covered this trade for a tiny loser. After a day, there was no more follow through selling so decided to take it in to manage risk! NZDUSD and AUDUSD two pests as of late.

    Always a Student. B)
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