RingerFX

Just a PLAN for NZDUSD, not entering yet!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Looking at a potential short trade on NZDUSD , if you love trendlines you will like this chart! We have a medium term upwards channel. The thicker trendline above is a longer term trendline and it looks like there could be a fakeout on this one. Finally we have a shorter term upwards trendline in which price has broken out of and now I am waiting for a pullback before entering! The pullback may not come but I prefer to wait rather than take a lower Risk:Reward