NZSUSD ready for another dip
Top chart shows heavy bearish pressure in the weekly timeframe and the trice broke an important support now resistance and is testing it . In the daily we can see a bearish flag forming, I don't think is going to break through the resistance levels son I opened a small position, if I see price breaking the support of the bearish flag in 4H I will add to my short position.
Note
Almost touched my SL, next time I'll give it more room. Just added, the dollar is gaining strength across the market.Trade closed: stop reached
NZD and AUS are having a nice came back. Unfortunately hit my SL. Probably go long next week in NZD.
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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.