New Zealand Dollar / U.S. Dollar
Short
Updated

NZDUSD sell on bearish flag

NZDUSD looks good for a bearish flag set up, with R:R > 2.

Larger set-up as follows:
snapshot
Trade closed: target reached
It was a long wait, but we got tagged. The sell order should have been shifted higher to around 0.689 as the NZDUSD consolidated with an updrift.

Traders can take profit now and look for more consolidation before placing the next sell order.

Disclaimer