ridethepig | NZD Price Dissection [Live]
As we approach the 0.660x handle it is time to take profits from our shorts, well done those following from the entire process from the previous diagrams:
All of this is taking place while inside the Macro swing:
The radius of our flows has been secure in a wide territory. This could also be considered a base formation in a sense of the word. The major play is to the topside for 1H20 as Dollar devaluation is the underlying theme. A lack of space prevented us from reaching all the way to the topside in the macro target, so we had to briefly pause for a few zig-zag range trading formations. This is a superb live example of trading fast flows and forcing short-term moves.
Good luck all those positioning in NZDUSD for the coming weeks, I hope these short-term charts have proven helpful.
All of this is taking place while inside the Macro swing:
The radius of our flows has been secure in a wide territory. This could also be considered a base formation in a sense of the word. The major play is to the topside for 1H20 as Dollar devaluation is the underlying theme. A lack of space prevented us from reaching all the way to the topside in the macro target, so we had to briefly pause for a few zig-zag range trading formations. This is a superb live example of trading fast flows and forcing short-term moves.
Good luck all those positioning in NZDUSD for the coming weeks, I hope these short-term charts have proven helpful.
Trade active
Comment:
Nothing to update here as we sit around 0.660x ... a minor spike in risk-off flows in the Asian session causing some temporary disruption to the flow. Nothing to worry about, thanks for your understanding. Same levels to track and same targets all in play.
