Good morning everyone, its been a while since my last published idea, nonetheless, here we have NZDUSD on the weekly timeframe giving us a breakout and then a retracement back the RZ 1. Typically in these cases you may get a pullback to RZ 2 but, overall I think this will drop in the next upcoming weeks.
You can also some liquidity which form on the RZ 1 pullback. Give this trade some time. Remember, it's based off the weekly, daily seems to choppy which will cause some slowdowns before the big drop.
Don't forget NFP tomorrow, this may be the push down it needs or maybe the retest to RZ 2. I guess we will find out soon. Happy Trading everyone !!!!
You can also some liquidity which form on the RZ 1 pullback. Give this trade some time. Remember, it's based off the weekly, daily seems to choppy which will cause some slowdowns before the big drop.
Don't forget NFP tomorrow, this may be the push down it needs or maybe the retest to RZ 2. I guess we will find out soon. Happy Trading everyone !!!!
Trade active
AND THERE IT GOES !!!!! Hope you did your research and if you took this trade, ENJOY! I have moved my SL to breakeven and now it's a risk-free trade.
Trade closed: target reached
Target Reached !!!!! Those who were patient, great job and now on to the next !!!
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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.