SL above 778, targeting a good 150+pip move downwards.
If this short doesn't work out, I won't hesitate to take another shot in the future. I believe NZD/USD will be headed lower eventually and am taking advantage of the recent rally to go short. Following the daily trendline on this one.
Looking to play some retrace here...watching the downtrend on the hourly and the recent climb on the daily. Would like to see this come back to the upwards moving trendline on the daily to go long again.
S/L set just above 978, T/P .972. Will move S/L to B/E after we get below 975
Not a normal trade for me but this is what I think it will do. S/L is close by if this thing wants to climb higher.
See the screenshot for the little downtrend I'm following on the hourly...
