Short NZDUSD with active management
Just opened a short position in NZDUSD targeting 0.60 region.
A simple short setup after breakout from triangle pattern and a short-term support level.
As always, in these short-term trade patterns, active management is important. May add to position if price-action is favorable, and adjust SL to break-even after price gets stuck in intermediary support levels (namely 0.6067 area which has some wicks visible in the daily chart).
A simple short setup after breakout from triangle pattern and a short-term support level.
As always, in these short-term trade patterns, active management is important. May add to position if price-action is favorable, and adjust SL to break-even after price gets stuck in intermediary support levels (namely 0.6067 area which has some wicks visible in the daily chart).
İşlem elle kapatılmış:
Close for a small profit of 5%. The price is showing signs of a reversal and will potentially retest the triangle. If price action develops a clear bearish pin bar near the resistance, I may reopen a short position, but preferred to book a small profit for now and go back in if conditions allow. In these short-term trades, active conservative management is always preferable to letting trades run, which is the opposite to long-term, strong long-term setups.