NZDUSD - GO LONG ABOVE @0.7000
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PAIR ACCUMULATES AHEAD OF RBNZ NEWS ON WEDNESDAY, 18TH AUGUST, 2021
PAIR POSSIBLY IN PHASE C or D OF WYCKOFF ACCUMULATION SCHEMATIC
Seeing the fact that this pair is rallying at the moment, which is a showpiece that it is most probably accumulating
above a key support of @0.7000, we must keep calm and anticipate the forecast of the official cash rate which would
be 0.50 instead of the previous 0.25 {based on forecast, amongst other news, to be released by 02:00 (GMT)}. This
should push the NZD*** upwards well enough over 100pips, other things being equal. Let's see how it pans out.
Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as the disclaimer below!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
PAIR ACCUMULATES AHEAD OF RBNZ NEWS ON WEDNESDAY, 18TH AUGUST, 2021
PAIR POSSIBLY IN PHASE C or D OF WYCKOFF ACCUMULATION SCHEMATIC
Seeing the fact that this pair is rallying at the moment, which is a showpiece that it is most probably accumulating
above a key support of @0.7000, we must keep calm and anticipate the forecast of the official cash rate which would
be 0.50 instead of the previous 0.25 {based on forecast, amongst other news, to be released by 02:00 (GMT)}. This
should push the NZD*** upwards well enough over 100pips, other things being equal. Let's see how it pans out.
Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as the disclaimer below!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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.
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.