Today, I am attempting a sell trade on NZDUSD, placing my stop loss at 0.5866 and take profit at 0.5842. On the M15 timeframe, the pair is currently undergoing an upward correction but remains below the MA200, meaning the primary structure is still bearish.
The sell position I opened on NZDUSD hit the take-profit level, resulting in a profit of $1.10. On the M15 timeframe, NZDUSD is currently still trading below the MA200, indicating a potential for a further decline.