Long on NZDUSD retracement!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
After a break of a major bullish trend line , NZDUSD             finally looks like it's going to come down. However a quick scalp could be made off the retracement being forming for an approximately 25-30 pip move.

NZDUSD             had been going on a bullish run a while now, and it stop near perfectly at the 0.68610 for a beautiful drop. Is a double top potentially forming?? If so, we could see NZDUSD             drop very quickly in the next few days.

Long @ 0.67634
T/p @ 0.67880
Stop @ 0.67450
Trade closed: stop reached
Comment: A proper retracement did not seem it will form. The bear seem highly in control
I agree with this. I don't know how high it will bounce but this looks certainly bearish for the longer term. RSI just plunged and MACD confirmed a new trend also. The question will be.. how low will it go? Back to 0.6421 or even lower to 0.6281?
+1 Reply
Please follow and leave a comment if you agree or disagree. This is my first idea, so ALL OPINIONS are great! Happy new year!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out