NZDUSD has been strong since the start of the year but it doesn't mean we don't get to take short trades especially when price reaches key fibonacci retracement levels.
If I try to plot a bearish butterfly, I can enter a short at 0.742 with a second chance to short at 0.752 which is the 50% retracement in the weekly.
This trade idea are for traders who set stop losses.
Personally, since I don't set stop losses, I'll be shorting NZDUSD even up to 0.792. But that's just me.
If I try to plot a bearish butterfly, I can enter a short at 0.742 with a second chance to short at 0.752 which is the 50% retracement in the weekly.
This trade idea are for traders who set stop losses.
Personally, since I don't set stop losses, I'll be shorting NZDUSD even up to 0.792. But that's just me.