I am currently in early for a SELL on NZDUSD. I believe we can still go up more but we will be hitting resistance and turning back around soon. Long term trend has been bearish but we have been in a corrective state buying back up to C as bulls have been running the game at the moment. I still believe we are in a harmonic correction down to point D. I have bought and sold this pair both ways. I recommend looking for the next short as it seems we are getting a nice bearish flag being created. When the short happens it will happen fast (look left and you can see how it happens often on this pair).
SL: above C. recommend a little above A at .69650
ENTRY: Anytime now or wait for it to break flag low
short term / TP1: .68250
short term / TP2: .67250
Long term / TP3: .66250
Long term / TP4: .65250
SL: above C. recommend a little above A at .69650
ENTRY: Anytime now or wait for it to break flag low
short term / TP1: .68250
short term / TP2: .67250
Long term / TP3: .66250
Long term / TP4: .65250
Kommentera:
We could be making a double top at C now. Let's wait and see.
Kommentera:
NZDUSD TP1 was hit Entry exited awaiting new short later.