FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Also as additional technicals to support the short NZD$ view:

1. On the daily, weekly and H1 NU currently Trades (and at 0.73) close/ at to its +2 standard deviation lines, these are highly resistive.

- Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU highly likely lower from here).

-- And as you can see by the Circle Yellow highlights NU has held this +/- 2SD discipline in the past so is highly likely to maintain these levels in the future.

2. Also NU trades significantly above its 60, 120, and 250 Moving Averages on 1h, 4h, 1D, 1wk - this also signals strong overbought prices, where selling has a higher probability of success.

*Be sure to check the attached post "SELL NZDUSD             @0.73 - TP 700PIPS: BREXIT, RBNZ, FED & USDJPY             HEDGE" for NZDUSD             short fundamentals*
Comment: anyone seen cleaner execution?
So we're approaching the 0.73, is it still a good short on your view?
eye out to see if this 0.73 holds.. if it holds and we've move lower e.g. few 30min candles start building at 0.73flat then shorts are fair... but if 0.73 doesnt hold then no point adding the risk. RBNZ messed the trade up a few days ago, basically undermining the likelyhood of an August rate cut, hence the bullish NZD.
Absolutely beautiful! Too bad I was not in the trade.
QuantumLogicTrading sandhusukhjit
ah, never mind.. plenty more opportunities. I think UJ will be the next big mover within 4wks
sandhusukhjit QuantumLogicTrading
Sorry I am still a newbie in the trading world. Do you mean Yen by UJ?
nice idea, thanks!
thank you v much
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