Forex Price Action Baby, No Technicals or Fundamentals…Trade #16 – Sold NZD/CAD (5/23/19)

10,000 Ft View – 4 Hr Chart

The chart is marked up already because I’m already short this pair:

Forex $1 MM Challenge – Trade #7 (3-25-19) Sold NZD/CAD

Lets zoom in for a closer look at the trade set-up.

An even closer look of the set-up.

What I like about the set-up is price based, meaning buyers and sellers were going to battle, until the sellers won as indicated by strong move away from the level and also took out previous demand to the left (purple circle). What I also like is the move back to the area was strong as well

About the author: TIMM Trader

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