NZDUSD - A Double Possibility

Oct 8, 2017

I think NZDUSD is very interesting. Here's what we saw in the webinar we had this evening.

The pair has a beautiful Head&Shoulders (at least following my trading strategy),which, at the moment, gives us a double possibility:
1. The Neckline breakout;
2. A rebound on the Neckline.

If number 1 occurs, I will wait a rebound on it, where I should insert a limit sell order, to enter the market.
If number 2 occurs, I will wait a rebound on the resistance above us, and there, I will insert a limit sell order, to enter the market, with a target first of all on the neckline, and if this level will be broken, I can think about going on, up to the next support level.

Trick

It's very interesting the fact that the Neckline is exactly where two Senkou Span B extensions are. Ichimoku + Price Action is a bomb.

Let me know in the comment below what you think about this pair :-)