NZDUSD: Sell the top of the rally

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
7 days ago
NZDUSD             has an interesting setup here. RgMov has now changed direction showing the trend is potentially down, so it might be safer to sell it at the top of the ongoing correction, to rejoin the recently started downtrend. This makes me think gold             and the Euro             will behave similarly, which is what I had originally thought. The dollar long term uptrend might have resumed before our eyes, and we're seeing the first correction in daily scale, so don't miss it!

I'll be looking to short against a key level, once price action favors it, so, for the time being I'm standing aside and watching. We have enough trades to go long during the dollar correction.

Good luck,

Ivan Labrie.
7 days ago
Comment: Watch momentum indicators here.
7 days ago
Comment: On track.
4 days ago
Trade active: We can short under today's low without much problem.
4 days ago
Comment: Good progress.
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