ridethepig | NZD Retail Sales Flow

מעודכן
With retail sales out in NZ tonight it is a good time for a short-term flow update. It to me seems a poor choice of moment to advance for bulls, extending the lows after a retest of the 0.6645/60 sell zone with a weak print tonight makes more sense to me. This would be in accordance with the needs of the flow.

ridethepig | NZD 2020 Macro Map


The 2020 macro map takes on the retrace leg, but another sweep of the lows would be a more reliable guardian. Here recommending longs into the 0.6645/60 resistance as a good opportunity to sell the headline and mount a last attack for the penetration of the lows. We will update the chart should we see the highs visited today.

Good luck all those trading Retail sales, after the distortion around last months print it is highly likely in my books that we see a soft undershoot tonight. As usual thanks so much for keeping your support coming with likes, comments and etc.
עסקה פעילה
הערה
Eyes on the flow completing for the London open
עסקה סגורה: היעד הושג
First targets cleared for longs, well done those riding the pig.
עסקה סגורה: היעד הושג
All longs cleared and shorts filled, right on time for us to get started with the NY flow.
הערה
Those wanting to track the next leg in the move we will open the discussion here:
ridethepig | NZD Market Commentary 2020.01.16
audAUDNZDAUDUSDBeyond Technical AnalysisTechnical IndicatorsnewzealandNZDNZDUSDrbnzretailsalesridethepigTrend Analysis

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