Technician
Short

#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.

Good luck...
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Technician
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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 :)
Reply
Technician moneymaking
wow, thats a fantastic one. Dont be to greedy mate :D
Reply
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.
Reply
Technician moneymaking
This resistance looks nice. I would close below it
+1 Reply
GcNaif Technician
this is what i traded on GN
Reply
Is this an alternative Bat?
Reply
GcNaif Technician
yes it is the Alt bat, this rarely happens but when it does ,it gives good solid pips
Reply
Hehe, I like the term "solid pips" . Will be watching this pattern. Thanks mate
Reply
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