NZDUSD | Short squeeze?
Price has given up some of its gains in early trade this week, but the overall structure still remains very interesting to me and possibly very bullish with lots of pips on the table!
Nothing much to discuss here: I'd like to see a close above the capping trendline to confirm my long bias, and then looking for bullish bounces to load up on. This Kiwi charts starts the week as my pair with the most potential.
Of course, if price fails to break the trendline, all bets are off. The huge candle wick we see might just get gobbled up, an equally bearish sign.
Nothing much to discuss here: I'd like to see a close above the capping trendline to confirm my long bias, and then looking for bullish bounces to load up on. This Kiwi charts starts the week as my pair with the most potential.
Of course, if price fails to break the trendline, all bets are off. The huge candle wick we see might just get gobbled up, an equally bearish sign.
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