Fxprotrader

NZDUSD: Start Watching For Price Action At Upper Parallel

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
In my previous idea on NZDUSD i posted a buy setup (link in the chart) which worked great with price rallying way above my tp. It's now testing the upper parallel of the downsloping median line for the first time so we don't have good evidence to go short at the moment. What we may do is wait for a retest and then we may short it if a setup completes at the parallel. For those traders who have a tested strategy, if a sell setup based on it, completes at the current level go for it..
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