SHORT TERM ANALYSIS: (LONG)
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.
LONG TERM ANALYSIS: (SHORT)
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
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.
LONG TERM ANALYSIS: (SHORT)
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
