Updated

NSDUSD long sentry zones: NU to test .7000 ?

NU has been climbing steadily based on Dollar weakness.

I am seeing a 12345 impulse wave, with wave 5 perhaps about to start.

The two green zones should be support.
I have taken a small position long just now, with tight stop loss.
If that SL gets hit, I will take another shot at the lower zone, which should be much stronger support.

Note

Thanks a lot Bloomberg, for flubbing up the charts with this spike

They first reported that Trump and Xi had ''AGREED to Agree'' so AU and NU spiked up. Then they corrected, saying translation error, and that they should have read ''NEED to agree'' . Sheesh, AUD getting pounded right now. Will keep NZD down so I closed my long after the spike and retrace. Might renter if the ''As you Were'' command is given.

Note

If scalping NU long, this would be a good spot to take some profits
s3.amazonaws.com/tradingview/snapshots/0/0C9BIvP9.png

Note

NU almost at first target.

am trailing stop very close now, on 80% of position. I still think .7000 test is achievable, but want to make sure I lock in some profit. If stop gets hit, I will still let the other 20% ride with SL at break even to see if we can keep going.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

NZDUSD support zones in sight: NU almost done dumping?

by EuroMotif

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.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

NZDUSD support zones in sight: NU almost done dumping?

by EuroMotif