Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation.
There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk recommended.
2. Wait the price to move higher to touch the upper downward Trendline and another bearish bar to short. This trade can trade with right risk and lot size
Caution on the FED FOMC Meeting on Thursday, a great volatility is expected!
Kommentar
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NZD/USD goes well with our initial Plan 1. Happy for those who entry short position as recommended early :)