NZDUSD Short - Still a Long Way Down
As the title suggested, NZDUSD is still far from completing the falling trend, and in fact, it has just started only.
The reversal from a major retracement to a resumption of falling trend started at the beginning of this week.
NZDUSD fell for the 3rd consecutive days and it wouldn't be a surprise for the fourth.
Even if the price does not continue to fall today, I only expect a pause at best.
The reversal from a major retracement to a resumption of falling trend started at the beginning of this week.
NZDUSD fell for the 3rd consecutive days and it wouldn't be a surprise for the fourth.
Even if the price does not continue to fall today, I only expect a pause at best.
Handel aktiv:
Given the current break of structure, NZDUSD is unlikely to retrace any further. May consider a short now with a tight stop-loss at 0.6530, TP at 0.6460. That will give you a very good RRR.
Kommentera:
SHORT
If price resisted successfully after ECB conference, we can go according to this trading plan.