NZDUSD Short Trade Setup
Hello Traders
The last top should be the end of the yellow 5. It should be making a correction now. It can stay over the green trendline or come down more for a bigger correction. That's why I want to take a long trade to hedge it at the end of the C. I placed a pending order over the last top and when it's triggered, I'll place a sell limit order to 118 extensions of the yellow A to hedge my long trade.
Trade with care.
Bulent
The last top should be the end of the yellow 5. It should be making a correction now. It can stay over the green trendline or come down more for a bigger correction. That's why I want to take a long trade to hedge it at the end of the C. I placed a pending order over the last top and when it's triggered, I'll place a sell limit order to 118 extensions of the yellow A to hedge my long trade.
Trade with care.
Bulent
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