Capitalizing on the Kiwi's Weakness: Sell NZD/USD Now
Hey Traders!
Just wanted to update you on the progress NZD/USD is making and I believe there is still space for profit until it reaches the daily support.
Once support reaches there will likely be a pullback towards the MA's so once that happens close off a portion of a trade, and once another candlestick confirmation happens preferably, in between the MA's maybe a shooting star or bearish engulfing that could confirm another push to the downside for further profits.
If the daily support is broken its heading towards the last level where we would fully close off our trade.
Just wanted to update you on the progress NZD/USD is making and I believe there is still space for profit until it reaches the daily support.
Once support reaches there will likely be a pullback towards the MA's so once that happens close off a portion of a trade, and once another candlestick confirmation happens preferably, in between the MA's maybe a shooting star or bearish engulfing that could confirm another push to the downside for further profits.
If the daily support is broken its heading towards the last level where we would fully close off our trade.