I've been watching for some time now this pair. Although the US Dollar got pounded hard today, NZD hasn't gained much ground on it while other pairs did. This looks to me that the NZD doesn't have strong fundamentals to push it higher.
We have multiple wicks here @ 0.6935 which lines up perfectly with our FIB retracement. The rectangle I drew is a order block of some kind. I am shorting this pair as I think it will continue it's path of the downtrend channel.
Update : I forgot to add this : we have lower lows and lower highs on the daily timeframe.
Be safe!
We have multiple wicks here @ 0.6935 which lines up perfectly with our FIB retracement. The rectangle I drew is a order block of some kind. I am shorting this pair as I think it will continue it's path of the downtrend channel.
Update : I forgot to add this : we have lower lows and lower highs on the daily timeframe.
Be safe!
העסקה בוטלה באופן ידני:
I had to close manually this trade. It looks like it may stay in this range until it hits the top of the channel. I won't pile up those rollovers fees until that moment!
I will re-open when it does though.
I will re-open when it does though.
עסקה פעילה:
I re-opened a trade @ 0.69363 (SHORT)
עסקה סגורה: הגיע לסטופ:
USD is still very weak to start this week. PA took out our bearish channel.
Trade safe!
Trade safe!