Wait to break resistance. This looks weak and will go lower into the support shown. I hope that you are having a great week.
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We are taking 30% of this position and pulling to 7275. Watch your pairs today when you pull to break even. Either remove or pull into ten-20 pips profit to avoid slippage. So anyway, we will see what we get today.. If dollar starts buying we will move into sell zones and wide open spaces to fall on this chart. Take care today guys.
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NEW ZEALAND RATE DECISION IS TODAY.. CHECK myfxbook! Rate decision post FOMC today. Protect your profits and will be back later tonight.
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We will catch up on this during the New zealand rate decision. I am booking it! It is a dollar pair which can swing wildly in the event the Feds raise the rates today. That will only help us but I don't want to risk the stop right now. OK, see you for the rest of it.
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I resumed this sell position yesterday from .7266, but it's no bother if you are not on.. if you are on my short term target for this is .7156. If you are not on please do not enter it today. message me and we can find an entry next Tuesday. Go and find work or play today throughout Monday. We will resume this on Tuesday. Blessings to all you and looking forward to a great new quarter next week.
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Hi guys. I took profit on that first position and got some good scalps on this last week. I have closed the second entry and am waiting to trade this from higher. I still think that it is bearish... it's just that dollar needs to break that consolidation in order for us to get a good sell off of it. Thanks for trading it with me and I will let you know where reenter.
Yes you were right in the long term. Any thoughts where this is going now? There is support at 70.5 but that looks flimsy to me, and even support at 68 does not look too strong. Support at 64 comes from January 2016, 63 in September 2015, and if it busts that it is a long way to 49 from 2009. Extreme? Maybe, but new Labour government is struggling to balance books and will do what all past NZ governments have done.
UnknownUnicorn493766
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Hey Hope,
What about intermediate level @ 71700. Do you think thats a base for a descending triangle which we're in currently? Possibly a small bounce higher.. from where we are currently? My only concern, otherwise agree with you, just might be early.
UnknownUnicorn493766
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@gremic, your stop might be high enough taking a closer look.
fxxxxtrader
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Have A Great weekend Hope!!
HelloWorhty
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Really like this one! :)
UnknownUnicorn789863
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Theres covergence on the price and the RSI, I LIKE
70.5 been and gone...how long till 68?