/6N oppportunity to hop on the trend lower

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The New Zealand Dollar             has had a bounce recently, but has the opportunity to come into a shortable opportunity along the horizontal resistance around 0.808. The target would be for some retracement of the recent bullish activity. Keep the strength of any move in mind.

The stop needs to be rather loose due to further resistance not too far away above. The last thing you want is to simply have a long upper wick from a love tap to that upper resistance around 0.81 just to have it fall to your target.

Volume to the upside was rather climatic today and cannot be sustained. There was a lot of excess today at the high's. There's a good chance this means the trade may not get hit at all and the retracement will be immediate.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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