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Craven64
Jul 27, 2019 9:08 AM

NZDUSD Long Long

NEW ZEALAND DOLLAR / U.S. DOLLARICE

Description

Bit of weekend analysis, Trend channel forming well on the upside. Aware that US Dollar gained strength in alot of pairs but what goes up must come down and vice versa, USD is oversold at this moment. Expecting to see price correct itself to the blue highlighted area which is our target to meet with the 50 MA.

Cheers.
Comments
Captain_Walker
OMG! 😲 It was so obvious, yet I missed it. It now just makes more sense to take a controlled acceptable loss (aka stop loss) at the edge of the channel. It's so great when people like you share sensible patterns and opportunities, that everybody can see. Thanks ever so much for sharing this. 👍😀😎
BannaKhan
Agree with your analysis but with a different tp @Craven64
Craven64
@BannaKhan, Yeah I just seen your setup, Would love to see it hit 0.68! heres hoping.
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