Tonight is NFP, I am expecting USD to weaken after the release of data.
A weak USD can help NZDUSD to complete a bearish shark pattern.
I hope to see a exponential increase in vol when it reaches the PRZ.
I expect price to stall and reverse when it completes the shark pattern.
Will wait for candlestick reversal patterns and monitor RSI before my entry.
If price just breaks above PRZ convincingly after NFP, there will be no trade at all.
SL should go above XC 1.27.
Targets will be CD 0.5 and CD 0.886.
Good luck and good trading everyone.
A weak USD can help NZDUSD to complete a bearish shark pattern.
I hope to see a exponential increase in vol when it reaches the PRZ.
I expect price to stall and reverse when it completes the shark pattern.
Will wait for candlestick reversal patterns and monitor RSI before my entry.
If price just breaks above PRZ convincingly after NFP, there will be no trade at all.
SL should go above XC 1.27.
Targets will be CD 0.5 and CD 0.886.
Good luck and good trading everyone.
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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.