FX:NZDUSD   New Zealand Dollar / U.S. Dollar
It is not yet the final break out of the downward waving flag but a break above some indicators. So it is perhaps better not to invest to much at this moment yet.
Trade closed: stop reached: We reached the point about which I spoke yesterday. The final breakout has not occured and the chart doesn't look very promising any longer in the short term.
So the overall bias remains bearish. And it is better not to bet against the market as long as it has not decided yet.
agree with the bias
also gave a nice inverse head and shoulders
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interest rates are going up, the dollar will shrivel up in supply. the dollar will gain value. sp500 will go down. deflation.
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put a 120 pip stop loss and sack up like a man. shoot for .68 level. hold for at least 6 months. check your risk .
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motleifaul lockosmith
@lockosmith, nice idea. I don't know yet for how long I will hold this one cause I got some more other positions open. I only see the danger that we have not yet broken through decisively. That's why I won't set the stop as wide yet. Perhaps I will increase the position later on or open a new one if stopped out.
Thank you for your comment, friend.
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bs...it's the perfect time.
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