Art-of-FX
Short

NZDUSD Retest ready for shorts

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
276 7 14
This is a classic wedge retest on a daily timeframe , retest and candle hat did the retest are both fantastic. Depending on the opening price action I will look for another short opportunity.
Comment: If the 4 hour prints like this, it will be a good area to try a short. Can stop over the 4 hour or previous high for minimum risk and a great RR possibility
Comment: Depending on the daily candle close this could offer an attractive short. Ill be watching candle at closing time.
Comment: Thai setup has become extremely desirable with the weekly time frame on a wedge overthrow to the topside and even though not printed, the weekly candle is looking delicious.
Comment: This*
Comment: I made a new chart to keep the idea fresh. As expected the NU has presented several extremely good selling opportunities now.
NU short emptied many accounts lately , will be massive movement up nexr 2 weeks , so go long make some money
Reply
Well as stated I will watch for the opening price action and make my decision from there. A short with a stop behind the last daily candle should not empty or hurt anyones account, unless of course people are trading irresponsibly.
Reply
stream Art-of-FX
you can do what you want , i have to say that for the other who watch and trust . Good luck
Reply
Well for those that watch and trust, wait and see the opening price action as has already been stated. Have a good day mate. Good luck
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stream Art-of-FX
waiting is ok , shorting is not ok .. lol.. thanks ..
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mashru Art-of-FX
Dont worry about this guy...he keeps commenting on every short kiwi article without having any graph/chart backing it up. Best to ignore! :)
+1 Reply
Wow, what a move above the triangle!
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