Hey! I just saw your post on twitter...I don't usualy trade NZD/Usd and this seems like a simple idea/trade, but if you are to draw support trend line and connect the lower wicks, the most recent price action has fallen off....:S let me know your thoughts and how your trade went! Best of luck!...cheers!
Hey Thank you. Trend lines are very subjective. We focus more on Technicals that are less subjective but more importantly where Technical indicators have fundamentals(drivers of price action ie data, news, headlines) help support them.
We just sold 1/3 at our target 1# price 85792. We see this pair hitting recent highs soon.