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The808Trader

NZD/USD Ichimoku Short Trade Idea

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
The808Trader  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort Bearish Patterns ichimokukinkohyo ichimokuforex ichimoku_trader ichimokuchart the808trader
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trendanalysis chartpattern indicator nzdusd nzdusdshort bearish ichimokukinkohyo ichimokuforex ichimoku_trader ichimokuchart the808trader
The Kiwi has broke out and below the cloud here. I'm not sure USD will have the strength to keep up this run, but I've laid out a possible trade if the strength does continue. I am looking for a break below a minor level of support around .7266  if we can get below that level then this pair should continue to the downside and test the bigger support/resistance levels. If our bearish confirmations change or we see price rise back to the cloud, this setup may be invalidated.
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