Toru

Wait monthly pivot pull back and go short

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD hit a clear support area already. This pair broke orange trend line with no hesitation and has not pulled back yet. This fact and a monthly pivot point gives a beautiful resistance area around mid 0.79 area. Furthermore, 21EMA is catching up too. IF the pair comes back to mid 0.79 area, that will provide a good opportunity to go short back to mid 0.77. Please note, I am NOT recommending to sell NOW. Waiting for a pull back will gives a good chance hopefully.

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