Fxprotrader
Short

NZDUSD: Fantstic Sell Opportunity

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
939 11 36
Price is NZDUSD             has been consolidating below a broken long term uptrend and it now seems that it's breaking below the consolidation. We could enter now into the market but stoploss (above previous high) would be a little expensive. So it would be a much better idea waiting for a pullbak at the upper parallel of the smaller median line set and watch for a setup at that level. Another option would be to just place a sell order at that level. As for profit target aiming to the median line of the large set is most likely to happen and will give a tremendous risk/reward trade setup.

Likes and comments are always welcomed..
Are you also looking at aud/nzd pair it almost went to parity and is climbing back up.
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Fxprotrader kidbroge
Long term is bullish, but i soon expect a retrace.. I might post an idea on AUDNZD
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milk price higher but nzd weaker.
thus fundamental not support nzd!
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thanks for your chart. It is very good. thanks.
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Fxprotrader happyluckydog
You are welcome :)
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Thnx. Waiting your ideas current gold/usd
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Haha, thank you mate.. I only post good ideas.. I don't like spamming :)
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Fxprotrader Fxprotrader
I posted on gold and as expected it rallied, but i was waiting at a lower level for a setup
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Hallo FxProtrader, we missed your charts. Thank you ;)
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