NZDUSD SELL Idea After Breakout

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
387 16
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

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
This is a good sign.
Dollar at bottom of channel:
+1 Reply
NZDUSD doesn't look good on the daily for shorts: at least for now...
tootro10 Rocketman
but short will happen, I think!
+1 Reply
Rocketman tootro10
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. :)
tootro10 Rocketman
look at 1W timeframe, we have harmonic pattern
Rocketman tootro10
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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