Home Featured NZD/USD backside trade: Confirmation entry for February 9th 2022

NZD/USD backside trade: Confirmation entry for February 9th 2022

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NZD/USD backside trade: Confirmation entry for February 9th 2022


Live NZD/USD Backside Trading Analysis

Two consecutive days of price action on this pair were marked by sideways prices. This created an open bias where the price is traded at levels that are equal to each side.

In this instance, the highest level to consider is 0.6652. This price achieved a breakthrough during the Asian session. We are left with the potential backside play During the London session.

The Trade Setup

Here’s the The classic DTFL setupThis is the most obvious setup and, as any DTFL member knows, it’s the easiest to spot. Especially if there are both confirmation and stop runs.



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