Akil_Stokes
Short

NZDUSD: Potential 2618/Structure Short

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Just shot a video breaking this one down to our Syndicate members. What we're looking at is a potential 2618/Structure short opportunity on the NZDUSD             .

IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our previous double top formation.

Ultimately based off of my daily chart analysis, I would predict a bearish day tomorrow and a potential move down to the 0.7120's to 0.7060's level before seeing some more bullish involvement.

I'm not currently involved in this move, but will certainly have it high on my trading radar as we move into Tuesday's trading session. I'll keep you guys updated if anything changes that is worth noting.

Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Comment: Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement

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Took the trade on 2618 also. Good time to test the 2618 from trade-empowered. Sell limit activated on 0.618 retrace. Went in agaim @0.786 retrace also. Now looking to hit the previous support line.
+1 Reply
Nice! Good luck!
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BOOgiiee Akil_Stokes
aww..it din hit back the support line. took out on my SL.
+1 Reply
I'm out as well
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+1 Reply
Nice! Thanks for the idea share
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...also potential bearish KoD with RSI div, anyway good luck to everybody.
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snapshot
+1 Reply
Thanks for the share
+1 Reply
Looks like we got the KOD after our PCE release
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