Thursday, July 8, 2021

20210707 19.00 NZDUSD trading.

      


  • Wed 20210707 19.00 NZDUSD 1h (see AI settings here).
  • SMA21 was falling.
  • Price moved above SMA21 and consolidated for 5 bars. Sellers who entered short positions below 0.70609 during past 22 hours were stopped out by a pair of Green-Red giant bars. 
  • At 19.00 hours, the +9 bar strongly shot down from the newly created 0.70609 orange level. 
  • A sell short position sent at 0.70357 or below during the next bar could have returned at least 10 pips within 2 hours.

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