The NZDUSD is in a really interesting place right now it is currently trending upwards and looks like it will be doing so at least for the next few days.
I am currently short right now however I will be buying and selling several times within this trend.
I was long yesterday.
This is an incredible opportunity with the average trade ranging from 50-70 pips.
The trend came out a little bit however it is back within the trend lines and headed downwards.
I dont know why the thing says its a fail (maybe just the way it operates. I just wanted to give an indication of roughly where it would go, its impossible to now how long or exactly the path it would take.
We have seen a bit of movement so far and watch with bated breath as the Dax continues to move further down as the German market is closed today it will be interesting to see how it opens on monday.