[NZD/USD] Time to correct
Updated
The pair is going on an impressive up trend since the 6th December.
I think it's time for this one to correct and take profit on this uptrend.
There is some signs :
- MACD starting to decrease
- Last tops lower than previous ones (dashed lines) => fail to pass 0.7325 resistance
- Pair making space with top BB
SHORT : 0.7275 / SL : 0.74 / TP Obj1 : 0.715 / TP Obj2 : 0.705
I think it's time for this one to correct and take profit on this uptrend.
There is some signs :
- MACD starting to decrease
- Last tops lower than previous ones (dashed lines) => fail to pass 0.7325 resistance
- Pair making space with top BB
SHORT : 0.7275 / SL : 0.74 / TP Obj1 : 0.715 / TP Obj2 : 0.705
Note
Waiting for 0.7339 breakNote
Waiting for 0.74 Test resistance.If the pair break it we can buy 0.741 TP 0.75 SL 0735
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