OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
On 3rd March (Wednesday), I talked about the re-test of the top band of the Flag pattern (exhaustion sign) as majority of the major pairs were aligning the similar setup too. In yesterday's analysis, I expected NU to have further bearish continuation towards 0.7160 minor support zone , which was exactly what the market performed. In today's trading session, I will remain neutral bias due to the current over-extended condition. Preferably, I need to see some sort of pull back or exhaustion pattern to activate further short setups breaching the current minor support zone . Avoid having your targets too far due to the market close tonight.

The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.

Trade safe.

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Comments

Nice chart
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TraderNeoh MoneyMakerTrade
@MoneyMakerTrade, Thanks.
Reply
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