piphunters

NZDUSD: CORRECTION MAY EXTEND

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
336 6 17
Details on chart.
Comment: Please note that this is not a setup but a view, Risk/Reward considerations argue against taking a trade at current levels for the cautious. Firstly the price is too close to resistance to justify entering long. Second, the absence of a clear-cut bearish reversal signal suggests taking up the short side is premature so it's advisable to stay flat for the time being in my view.
This definitely looks like a long reversal setting up although I would expect a retest to around the 66500s before breaking up due to the amount of support at 68500
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calvinharris calvinharris
Taking my profits at 71500
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piphunters calvinharris
good luck
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Nice view! I took short on this one already, maybe my entry was too early! But I will remain on the position, my stop is at 0.6935.

NZDUSD Short I
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this is very nice setup but my views on this pair is bearish
SHORT
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GoodLuckbabe GoodLuckbabe
BEARS CAN COME HERE AS MULTIPLE BEAR FACTORS PLAYING
here is 4hrs view
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