NZDUSD: Two potential setups

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
193 4 4
Our sentiment on this pair remains bearish . There might be two potential entry price to continue trading with the trend.
Hey akyong, I think the yellow Gartley pattern would be a better trade, since the D point completion is near the previous resistance level. Thanks for sharing.

Good luck trading!!
+1 Reply
akyong moneymaking
Yup. Personally, I won't be trading this week due to the holiday seasons. Good luck and happy new year to you too!
Hey akyong, I also herd that it's better to stay out of the market near the end of the year. I really don't know the reason behind this. Could you please explain based on your experience, why should we do this? Thanks
akyong moneymaking
The main reason is due to low liquidity. Many of the big players are in the holiday seasons as well. During this period of the year, you will realise that price movement isn't as great too. With that, it is advisable to not put your capital exposed to the market, and simply take a break from trading at the mean time :)
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