NZDUSD short term downside

12. Feb. 2018

Potential short-term downside movement on this pair. I would wait for a clean break downwards of ascending trendline before looking for opportunities to short this pair.

12. Feb. 2018

Anmerkung

White TP line is derived from H4 chart where it's the 50% of recent impulse move up

12. Feb. 2018

Anmerkung

13. Feb. 2018

Anmerkung

Up or down, the next few hours candle will tell. Price is at the top of the descending wedge, could break upwards or downwards below brown trendline

13. Feb. 2018

Anmerkung

Break towards the upside and re-test has occurred. You should have long this pair on the re-test. I did not, currently will be looking for potential opportunities to long if anything presents.

13. Feb. 2018

Anmerkung

Current view with 2 TP levels for a long trade:

14. Feb. 2018

Anmerkung

40 pips so far

14. Feb. 2018

Anmerkung

First target achieved. 70 pips