TECHNICALS:
0.7030-0.7065 Area is good for selling with a strong level in around 0.7055/0.7065. Also we have the 76.4 retracement.
USD beaten up badly recently. DXY in an important area 0.9145-.9177.
FUNDAMENTALS:
Market has priced out negative rates. Seasonally NZD strong end nov/dec. Fundamentals NOT favouring NZD short
Mean reversion trade
Starting my short 0.7032 adding in around 0.7065 stops above 0.7090
0.7030-0.7065 Area is good for selling with a strong level in around 0.7055/0.7065. Also we have the 76.4 retracement.
USD beaten up badly recently. DXY in an important area 0.9145-.9177.
FUNDAMENTALS:
Market has priced out negative rates. Seasonally NZD strong end nov/dec. Fundamentals NOT favouring NZD short
Mean reversion trade
Starting my short 0.7032 adding in around 0.7065 stops above 0.7090
Trade ist aktiv
"Losing is the key to trading, winning is easy"