Since my sell region of high 0.85XX hasn't been reached yet, there's a possibility to get a long entry on this pullback when price hits the 0.843X/0.839X region.
Target 1: 0.8522 (today's high)
Target 2: high 0.85XX region (weekly downward trend line), refer to my other analysis on NZD/USD.
Considering there are multiple trend lines in play, risk is up to your tolerance.
Update: Another potential level is the 0.835X region, which coincides with the 3rd trend line.
Update: At this point, I think it's safe to say that price is already bouncing and the trade is now void? Price is moving up towards Friday's highs as we speak. I only filled 15% of my long position (0.8445) when price hit the first trend line yesterday. Anyone else get a position?
Target 1: 0.8522 (today's high)
Target 2: high 0.85XX region (weekly downward trend line), refer to my other analysis on NZD/USD.
Considering there are multiple trend lines in play, risk is up to your tolerance.
Update: Another potential level is the 0.835X region, which coincides with the 3rd trend line.
Update: At this point, I think it's safe to say that price is already bouncing and the trade is now void? Price is moving up towards Friday's highs as we speak. I only filled 15% of my long position (0.8445) when price hit the first trend line yesterday. Anyone else get a position?
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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.