This is what I'm watching on the NZD short...trying to play the daily downtrend.
I am concerned about the rising bottom. The lack of lower lows is not something that I like...but I believe we're still headed for some retrace lower, at least a good 100-150 pips.
I will look to close half of the position when we get some decent pips banked and continue to adjust the S/L to protect the remaining half. Right now, S/L is still remaining at breakeven as I will not take profit on just the +30-50pips we have right now.
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