I just went short on the NZDUSD, here is why

Written by Raul Lopez on . Posted in Trades & Analysis

It’s funny, I don’t know if I’m biased because of yesterdays post, but I just went short on the NZDUSD.

Anyway, I knew the NZDUSD was in a bearish condition, I was just looking for a small retracement and we got it. If we couple that with good downward pressure, we got our short signal:

Here are the details of my trade:

Entry: 0.7661
SL: 0.7696
TP: 0.7505

What do you think about this trade?

Cheers,

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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