Why are we entering?
- Expecting NZD weakness and DXY strength = NZDUSD short
Entry
- Safe Entry: Break of WFB
- Risk Entry: break of risk trendline on lower timeframe
Once entered, where will our Stoploss be?
- above price once entry trendline breaks
Where do we take profits?
TP: 0.6 (350pips)
TP: 0.59 (450pips)
Taper as we move lower