Roncriss
Short

NZDUSD SELL Idea After Breakout

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
387 16 15
NZDUSD             has broken out of a wedge , Good opportunity to sell s here.

Trade Safe.
Comment: Here we go
Trade closed: stop reached

Related Ideas

News based Breakout
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Man....trading NZDUSD has been frustrating last month. Hopefully, we have a catalyst to push it in our favor this time around.
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Roncriss Rocketman
I agree,Because NZD has been very strong lately ...
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NZDUSD doesn't look good on the daily for shorts:
snapshot
at least for now...
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tootro10 Rocketman
but short will happen, I think!
+1 Reply
Agree. We are short. Maybe there will be a retest of that red candle on Monday or Tuesday...then whoever missed it ca gjoin in. :)
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tootro10 Rocketman
look at 1W timeframe, we have harmonic pattern
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Yes... it is bearish now...and there are tweezers and important levels of resistance. It mostly, likely will fall from here. On Saturday, I will update my economic calendar predictions like I do every week. What I am looking for is for the data to act as a catalyst to push the price in our favor. o, I am either looking for good US dollar news or bad NZD news. Last time, NZD's currency was push up because of an investment fury due to a bullish housing and investment statement by an official of New Zealand. This is a risk we face all the time: New information coming in. So far..we are good. Have a nice weekend and see you and everybody next week. :)
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Roncriss Rocketman
Thanks for sharing Rocketman and have a nice weekend too
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tootro10 Rocketman
that's right. I'm looking for bad news about NZD and AUD too.
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snapshot
+1 Reply
Dollar at bottom of channel:
snapshot
+1 Reply
This is a good sign.
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GDT Milk Price Index killed this trade... its been doing that since last month. I thought it would be bad this time. Then, we got a report from the largest milk company and an economist that said otherwise. Next trade.....
+1 Reply
Roncriss Rocketman
Yap, Next trade... next pair,Thanks
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