NZDUSD – Will NZD bull finally giveup?
I have been bearish on NZD pairs since quite long. However, every time we got rejected the pairs quickly came back up to since this pair has a good correlation with US stock and seems like the FED won’t give up keep pumping it.
Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner or later the price will always go back to its technical side.
Now the price has once again reach the top of structure impulsively. In 15M TF, we already got a little rejection followed by what appear to looks like a bearish continuation flag structure. I set a stop order here at the break of this flag structure with SL above the flag.
Lets see how far will this pair go this time. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner or later the price will always go back to its technical side.
Now the price has once again reach the top of structure impulsively. In 15M TF, we already got a little rejection followed by what appear to looks like a bearish continuation flag structure. I set a stop order here at the break of this flag structure with SL above the flag.
Lets see how far will this pair go this time. Good Luck
__________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
__________________________________________________________________________________________________________________________________________________________________
Order cancelled:
The stop order never get trigerred and it continue to move up impulsively. We will wait for a sign from the market again before decide to reentry