AlanTradesFX

NZDUSD: Short setup coming soon

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
We have been selling this pair NZDUSD each time it hit the top and now the whole up move is again corrective so we can expect an impulsive move to downside.
Watch the lower timeframe for reversal patterns to sell this pair.
Comment:
Here is the update on H1 timeframe. Reversal channel is forming there.
Look for price action at the top for entry.
Comment:
Price did as I was expecting and we are in profit and you can move your SL to break even, so we have a risk free trade.
Here is the update:
Comment:
NZDUSD is showing good signs of bears getting in back to the market.
So watch this pair on lower time frame for entry. I am anticipating this pair to fall soon.
Comment:
Price has pushed higher but still short on it.
We have a nice impulse on lower timeframe. I am waiting for flag formation and possible entry.
Comment:
The down move was not very impulsive. So we could expect one more push up before the big fall.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.