Going forward I want to share the trades taken in the group for strat no.2.
I will be doing this for the rest of the year.
The targets are not shown to protect the strategy.
Overall Gain = 6.7R | Strike = 50%
EurNzd – Look to sell on bearish price action if key support turn resistance.
Trend: Bearish Weekly
Key Levels: Resistance / Support = 1.71693 (Daily) 1.70860(Hour 1)
Price Action: Price needs to break below level noted on hourly time frame for me to start selling. Group awaiting confirmation.
Notes: I'm waiting for price to trade below this pivotal level, I will be selling into strength whilst price is contained below this important price zone. Mondays low is aligned with hourly levels and should created a nice area to pivot a short.
Key level needs to break first.