nzdusddaily

Shorting NZDUSD on a retrace to the 21 day ema

We’re grateful to have a trending market like this one, the NZDUSD to learn trading profitably because this market faithful to the downtrend at almost every opportunity it get’s to retrace to the 8 or 21 day ema. In this post I document taking a blind entry at 0.66070 with SL: 0.67219 and TP: 0.63247 for slightly over 2R.

nzdusddaily

We’re grateful to have a trending market like this one, the NZDUSD to learn trading profitably because this market faithful to the downtrend at almost every opportunity it get’s to retrace to the 8 or 21 day ema.

Here I took a blind entry few sessions ago at the 8ema and after going against me for some way, price resumes falling in harmony with the dominant downtrend.

Entry: 0.66070
SL: 0.67219
TP: 0.63247

for slightly over 2R.

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