Long on NZDUSD retracement!
SHORT TERM ANALYSIS: (LONG)
After a break of a major bullish trend line, NZDUSD finally looks like it's going to come down. However a quick scalp could be made off the retracement being forming for an approximately 25-30 pip move.
LONG TERM ANALYSIS: (SHORT)
NZDUSD had been going on a bullish run a while now, and it stop near perfectly at the 0.68610 for a beautiful drop. Is a double top potentially forming?? If so, we could see NZDUSD drop very quickly in the next few days.
Long @ 0.67634
T/p @ 0.67880
Stop @ 0.67450
After a break of a major bullish trend line, NZDUSD finally looks like it's going to come down. However a quick scalp could be made off the retracement being forming for an approximately 25-30 pip move.
LONG TERM ANALYSIS: (SHORT)
NZDUSD had been going on a bullish run a while now, and it stop near perfectly at the 0.68610 for a beautiful drop. Is a double top potentially forming?? If so, we could see NZDUSD drop very quickly in the next few days.
Long @ 0.67634
T/p @ 0.67880
Stop @ 0.67450
Trade closed: stop reached
Note
A proper retracement did not seem it will form. The bear seem highly in control
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.