Setting up a sell stop order with TPs at S2 and S3 pivot lines, and SL few pips above S1. Price action in higher time frame charts also support the drop
sharechat.co.nz/article/2ebf4817/nz-dollar-falls-vs-aussie-on-strong-australian-gdp-trump-buoys-greenback.html
economiccalendar.com/2017/02/28/nzdusd-struggles-to-sustain-a-rally/
D:
W:
Confidence: B (the latest Trump's State of the Union is driving the Kiwi down which might only be temporary and it's highly possible that this pair will go ranging instead of going on a bearish trend)
sharechat.co.nz/article/2ebf4817/nz-dollar-falls-vs-aussie-on-strong-australian-gdp-trump-buoys-greenback.html
economiccalendar.com/2017/02/28/nzdusd-struggles-to-sustain-a-rally/
D:
W:
Confidence: B (the latest Trump's State of the Union is driving the Kiwi down which might only be temporary and it's highly possible that this pair will go ranging instead of going on a bearish trend)
Trade closed: stop reached
Got whipsawed :( But opening another sell stop order with wider leeway for stops.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.