#NZDUSD: Potential for a Short Trade #forex

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
3528 72 47
Looking to short around 0.7690

  • The pair is in a long term bearish trend
  • The price formed a pin bar at a previous major swing low (0.7680 area). In addition to a falling trend
  • A small rising wedge could be evolving
  • RSI is showing a slight bearish divergence
The framework for this trade is looking for a short around 0.7680-0.7690 area, with a first target around the ascending support for the wedge . The trade is illustrated on chart.

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Chart Headline says: #NZDUSD: Potential for a Short Trade #forex

I don't like potential I like BUY and SELL now
-1 Reply
Great, get your self a signalling service then
+3 Reply
Hey technician, I didn't got involved in this pair but rather in a cross pair to this, GBPNZD. This pair just went 400 pips from today 4:30 am to now and it's still rising. This feels so unreal to me, LOL :)
Technician moneymaking
wow, thats a fantastic one. Dont be to greedy mate :D
moneymaking Technician
Ya, for sure. I am looking for a solid target by the way. Could you provide me some help with that. That would really bring my emotions to neutral.
Technician moneymaking
This resistance looks nice. I would close below it
+1 Reply
GcNaif Technician
this is what i traded on GN
Is this an alternative Bat?
GcNaif Technician
yes it is the Alt bat, this rarely happens but when it does ,it gives good solid pips
Hehe, I like the term "solid pips" . Will be watching this pattern. Thanks mate
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