I think NZDUSD is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel, meanwhile, RSI is showing a negative divergence.
I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are coming in few hours and if good may help the pair retrace higher towards entry.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support.. You can SKYPE me at : Technician - The Forex Channel My Regards, Technician
Kommentar
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U.S. retail sales pushing the pair higher. We are few pips away from entry.
Why the open show at 0.72578 in 4H chart, if you just posted it 13 min ago ....
btM_Afta
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Actual price is 0.72130
Technician
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?? i am not sure what do you mean. It is a sell limit pending trade.
btM_Afta
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Now i understand, sell limit .. i though my pc was wrong ! Thanks Sir.
Casey_Yeo
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seems ripe for another go at shorting mate.
kapitonov.dm
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Is it still active? Everything unchanged (in view of last movement)?
arco_ickimoku
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There was a nice waterfall pattern on the 15m-30m chart about 11 hours ago. I'm in and will be adding shorts if this gets legs. Lets see if the 78.6 fib repels the action
arco_ickimoku
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Added more shorts at 7268
AnduTrading
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Just this minute sold at 0.7280, need the data overnight to be kind...