Looks like a good short
Trading this specifically and potentially because of these 3 reasons:
1) AUD is getting stronger than NZD
USD is getting stronger than AUD
Therefore, USD get much stronger than NZD
2) Looks like a potential long term double top
3) Price action has long left the 50 & 200 ema, and may retrace back
If it does fall and a new bottom is created, I'll consider going long or continuing short.
1) AUD is getting stronger than NZD
USD is getting stronger than AUD
Therefore, USD get much stronger than NZD
2) Looks like a potential long term double top
3) Price action has long left the 50 & 200 ema, and may retrace back
If it does fall and a new bottom is created, I'll consider going long or continuing short.
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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.