I just went short on the NZDUSD, here is why

It’s funny, I don’t know if I’m biased because of yesterdays post, but I just went short on the NZDUSD.

Anyway, I knew the NZDUSD was in a bearish condition, I was just looking for a small retracement and we got it. If we couple that with good downward pressure, we got our short signal:

Here are the details of my trade:

Entry: 0.7661
SL: 0.7696
TP: 0.7505

What do you think about this trade?

Cheers,

Raul Lopez
Forex Training

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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 .