NZDUSD monthly ~ long ~ at least 200 pips

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
64 9 5
long - dare devil counter trend trading - ^_^
About 150 pips and down turn ~
over dip a little and flush weak bulls
then bullish engulfing
i have this on watch on my daily and 240 minute charts and as soon as i get the signaal buying this pair think your 200 bp target will be exceeded, it maybe a dare devil counter trend trade but rate cut out the way running into the monthly support area and supported with divergence , strap yourself in boys !! enjoy the ride
+1 Reply
IvanLabrie PRO MarkLangley
Definitely interesting.
USDCAD might give a great short soon too, I think the market will wait for Yellen news to give us the short USD we want there.
USDCAD can rally for a month straight, maybe even two.
alex.a MarkLangley
So far double bottom ~ location where slightly above compared to the previous price ~


either way, it is going up soon, but need at least a 4 hour hammer or bullish engulfing
IvanLabrie PRO jangseohee
I'll let it prove itself before going long, but well.
Looks potentially like a nice trade.
I can not see any reason you would want to go long here. Could you explain your reasoning
alex.a SteveTobin

simple - the price hit this area 17th time in the past - now it is about 18th, if there is no human error. and how many times the price went up? creating tails. Of course, nothing is 100% in trading, sir - higher posibility for me, especially monthly - Thanks for your interests -
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