Price heading to support @ 0.67200
The idea behind this trade was simple;
Price pushed up to daily resistance @ 0.67850.
My reasoning at this point was, since the previous daily candle turned bearish around this level then the candle i was looking at could turn bearish too so i sold with my SL above the daily wicks.
On a weekly perspective, price tapped into a supply level around 0.67600 and price is now pushing down to either retest 0.67200 or continue bearish on the weekly.
Also the dollar was gaining strength, so all pairs xxxUSD were dropping and when i sold XAUUSD it made sense to sell NZDUSD too.
Price pushed up to daily resistance @ 0.67850.
My reasoning at this point was, since the previous daily candle turned bearish around this level then the candle i was looking at could turn bearish too so i sold with my SL above the daily wicks.
On a weekly perspective, price tapped into a supply level around 0.67600 and price is now pushing down to either retest 0.67200 or continue bearish on the weekly.
Also the dollar was gaining strength, so all pairs xxxUSD were dropping and when i sold XAUUSD it made sense to sell NZDUSD too.
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