Last week I was ready to sell NZDUSD
, and felt really sure about that trade but never arrived my entry point .69450 or formed a flag or nothing. Instead we had correction and was rejected near lower price action for this pair in june and july 2016. I was really surprised a couple of hours ago when the trade was opened bull
, Why? In the Week time frame I see lady line doing a fast upward correction inside the same channel we had been transiting since this year start. In this trading idea my Entry point was 0.71500 TP1 is 0.7300 and SL 0.70385. If the line arrives 0.73 will be critical to watch price action, because if it break that point the long run channel will be broken and we can see something like 0.78 or 0.38 Fibo retracement ...... maybe just dreaming.