Here we go: short on the NZDUSD

Since yesterday, that the NZDUSD broke the previous low (daily charts) it made me feel more comfortable trading it (looking for short opportunities). It’s clear now that it is likely to continue its way down. And what’s best, on the short term charts, it looks like as if the ST resistance level is holding:

It was rejected from an important resistance level and formed significant downward pressure, that means I just set an order to go short:

Short order: 0.7414
SL: 0.7464
TP: 0.7159

Trade Safe!

Raul Lopez
Forex Course

forex, NZDUSD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .