A long that i canceled before, the currency pair is responding to this fibonacci pair and i'm expecting this to go higher but doesn't want to push it too much.
We can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545). I will setup the second...
The price has been in the channel for quite a long time, and it seems to have some resistance so I'm setting these two pending orders in order to take advantage of this nice channel. With a little bit of luck, both will work well, if not, I can do with only one.
given the downward pattern, it seems pretty clear this will go down a fair bit more. Short sell when it reaches 0.84297 and close position .083744
Based on a triangle, the price will shoot either way. Based on bad forecast for NZD and good forecast for USD, i suspect the NZDUSD will go up, to go test the 0.75000.