Nzd/Usd (Got A Big Bear Pinbar)

2019-12-15 07:10:40

I actually sold this again after closing another sell I Entered In Loss. I Posted that lesson learned on my nzd/cad idea because both move the same and I tried to sell both on supply and demand principals only and got burned!

With that being said , I did enter this and I opened up 3 trades with 3 take profits. My lot size is very small 0.03 for tp1 , 0.02 for tp2 , and 0.01 for tp3.
You can see the 3 take profit areas on the chart! I also used the fib retracement tool "On The Closing Price Only" ....
This is also weekly resistance! "See Weekly Chart" ....

On the fundamental side , I was reading on FxStreet that the United States and China Agreed on Phase 1 of the agreement to end the trade war.
See Article " Week Ahead: Beginning Of End for Trade War and Brexit Uncertainties? " by Fawad Razaqzada (Forex.com)

So Maybe we have some fundamentals to give the dollar some strength!!!!!! Check out that article anyway!!!!!