Price dropped down a little bit from the daily resistance, on 1 hour chart flag formation is taking place. If price will stay inside the flag, break of that flag to the up side indicates about further possibilities of advance. Placed an order to go long.
Comment:
After breaking up NZDUSD did not make any progress, if NY session will not push to the upside, I am going to close this position. I have AUDUSD long and it is no point doubling positions in the same direction at the same moment, as both currency pairs are correlated.
Trade closed: stop reached
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