Pending Short NZD/USD in High 0.85XX Region

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
122 15 0
Wait for price to hit top trend line (around high 0.85XX region) for a possible short.
Conservative take profit target at low 0.84XX region (previously resistance).
Liberal long term take profit target at 0.79XX region (highly doubt this will happen).
Due to not having a certain take profit target, I'd suggest using a trailing stop loss to lock in profits on the way down.
Consider exiting if price closes above the top trend line .
Length of trade is unknown due to uncertain take profit target.

NOTE: This trade is heavily biased on whether or not RBNZ raises the interest rates next week. Markets are pricing in a possible rate increase.

If rates are raised: price may increase a bit but not much since it's already priced in. "Buy the rumour. Sell the news." Price should still drop a bit in the form of a retrace targeting the low 0.84XX region.
If rates aren't raised: expect a big drop.

I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on NZD/USD             here:
I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on NZD/USD here:
ForceFollower ForexWeeklyAnalysis
Excellent. I admire your transparency.
Update: RBNZ increased the rates... surprise surprise lol, it was expected. Markets didn't push it up by much though compared to the previous move up from yesterday. I'm still looking for potential shorts up in the high 0.85XX region.
ForexWeeklyAnalysis ForexWeeklyAnalysis
There's a possibility of a false break of trend line to trap bulls and to run stops (majority of retail is short). So I'll be loading in 2 phases, within a tight range (10-20) of the downward trend line and within a wide range (100 pips above the trend line, up to the 2013 high of 0.8675)
ForexWeeklyAnalysis ForexWeeklyAnalysis
Fib levels:
ForceFollower ForexWeeklyAnalysis
Hunting for another buy opportunity. :-)
Update: Price got up to 0.8522, which is near the 0.8540 resistance from October 22, 2013. Despite good NFP numbers pushing this pair down, I'm hopeful that bulls will continue to push this pair back up to the high 0.85XX region for my short entries due to the potential interest rate increase from the RBNZ.
ForceFollower ForexWeeklyAnalysis
I wouldn't call this up trend done. It's correcting deeply indeed, but I'll be looking to go long again as soon as an opportunity shows up. You'll meet me at the basic bull trend line.
ForexWeeklyAnalysis ForceFollower
Agreed, probably around low 0.84XX region for potential longs (I'll post a chart later)
ForexWeeklyAnalysis ForexWeeklyAnalysis
Analysis has been posted.
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