NZDUSD setting up for a SHORT Opp.
NZDUSD seems to be running out of steam, we have nice Trendline to test after this bearish impulsive move.
Look for a tiny ABC to break the trend link, should be followed by almost immediate reversal if we are right about this, and continue down at least to retest the daily TL, recently broken.
This gives us a nice R/RW for a short term trade. Low volume could draw out the process, keep an eye.
Use proper RM and SL at all times!
"Trade, don't Gamble"
Good Luck!
Look for a tiny ABC to break the trend link, should be followed by almost immediate reversal if we are right about this, and continue down at least to retest the daily TL, recently broken.
This gives us a nice R/RW for a short term trade. Low volume could draw out the process, keep an eye.
Use proper RM and SL at all times!
"Trade, don't Gamble"
Good Luck!
Note
We are appraoching our stops on this trade, better luck next time!
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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.
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.