Trying my hand with Harmonic Trading, I came across what looks like to be a Bullish 5-0. The pair hasn't been this low since 2009. And the trade balance for NZ are expected to be be very good (result in an hour and a half). All this make me want to go long. I'll wait for trade balance result and the price to cross the Pivot Point then I'll go long with a take profit at 0.68700, I'll place my stop loss somewhere below the pivot point not sure where exactly yet.
Comment:
The Trade balance was better than expected, yet the price seems to be bouncing off the trendline, wait and see
Comment:
That didn't went as I expected, I'm still watching the pair, it seems to be following the trendline.