Possible short entry

23 Eyl 2020

As seen on the left chart the NZDUSD broke the downtrend channel. The break was weak, without strong momentum. On the lower timeframe you can see the price moves in a uptrend channel. In case the channel is broken down i will enter short position on the retest. Such break will push the price down back into the much bigger downtrend channel. Good luck.

23 Eyl 2020

İşlem aktif

Channel was broken as expected. Short position open at 0.657. Target is open as i expect to see the price action after entering the old downtrend channel.

28 Eyl 2020

İşlem elle kapatılmış

Reversal pattern on 4 hours chart. Small profit. Will reenter the short in case it makes new low below 0.653.