ridethepig | NZD Chart of the Week

ridethepig Updated   
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
This chart update comes after the conversation with @YIQI....

We are tracking how the following elegant defence can hold a breakup through, namely the main target in NZ 10Y Yields:

For those who remember, the sweep and breakup was what we had our eye on. A move from 50bps to 100bps was very fancy! And now we have for ourselves a change of scenery! The previous flow must unwind, and in plan of their new attack we can ride the profit taking.

Sharp sellers are itching to attack, 0.705x should be able to hold, I am in full sized positions.

Thanks for keeping the feedback coming 👍or 👎
A quick update here for those in AUDNZD:

Trade closed: target reached:
..and 0.705x TP1 cleared ✅
Trade closed: target reached:
.....and 0.700x TP2 cleared ✅
...for those following the live flow here we have completed two targets and the successful retrace from TP2.... Let's see if we can get the final flush!


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