Channel trade with continuous buys on every pull back in the channel. Also expect a 3rd squezze towards 0.72 hence the wide stop loss untill that threat (RBNZ Jaw boning, possible rate cuts etc etc) is cleared.
If and when that happens a new channel will form and I will adjust this trade accordingly but for now I will stay bullish on this pair
Comments
FOREXEL
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Channel to be adjusted
ashif030
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is it trigger or not?
FOREXEL
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not yet, see my long term trade for NZDUSD and use the DXY chart we just talked about to time your NZDUSD pullbacks )
FOREXEL
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could be. for a quick trade, if you take it rigth now