NZDUSD
Updated
This pair could have just created a double top, within a supply zone.
The Fed Conference didn't really give it a boost or cause much damage overall - when looking at DXY hitting a daily fib, a couple of days down. We should now expect a rebound.
COT Data suggests the real big money are longer DXY around 12k positions long and 2k short.
Kiwi - big money down and hedge funds are sideways.
Let's see.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
The Fed Conference didn't really give it a boost or cause much damage overall - when looking at DXY hitting a daily fib, a couple of days down. We should now expect a rebound.
COT Data suggests the real big money are longer DXY around 12k positions long and 2k short.
Kiwi - big money down and hedge funds are sideways.
Let's see.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Trade closed manually
Nice run - but closed early. Still see short momentum here.
Disclaimer
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