Similar to AUDUSD, this pair has seen a formation of a head and shoulders pattern which has broken downwards strongly.
Price is now attempting to make a retracement upwards before the downtrend continuation.
Late to long, early to short scenario.
Wait for a retracement upwards before taking a short position
NZDUSD Short
Entry is valid as long as price is below 0.7120
SL: .0.7270
TP: 0.6760
Price is now attempting to make a retracement upwards before the downtrend continuation.
Late to long, early to short scenario.
Wait for a retracement upwards before taking a short position
NZDUSD Short
Entry is valid as long as price is below 0.7120
SL: .0.7270
TP: 0.6760
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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.