CAN'T BREAK RESISTANCE, SELL NZDUSD?
SWING TRADING JOURNAL
Actually, I prefer to see NZDUSD to move upwards, but this bearish structure looks promising for me, so I will sell NZDUSD for now, unless I see valid breakout of 0.7300
SETUP:
SELL AT PULLBACK (GREEN BOX or higher)
SL ABOVE RED LINE
TP AT BLUE BOX
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
Actually, I prefer to see NZDUSD to move upwards, but this bearish structure looks promising for me, so I will sell NZDUSD for now, unless I see valid breakout of 0.7300
SETUP:
SELL AT PULLBACK (GREEN BOX or higher)
SL ABOVE RED LINE
TP AT BLUE BOX
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
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