Good day! Firstly I would like to say that shark pattern is a bit dirty as CD gone far away deeper than 1,13 of XA , but it rebounded from 2,24 lvl of BC so I think it is a shark(as other lvls are good). Secondly here is a great possibility of double top. And thirdly we should not forget about ascending wedge breakout on 1D chart. Also the current crab...
NZD and USD tend to inverse corelate very well and with USD artificially inflated despite the rate cut from yesterday i aspect NZD to show some strength. In addition the EMA`s tend to signal the same thing, double confirming the above idea. This trade looks very safe but i choose to have a very tight stoploss, can be modified accordingly to your account, but...
Go up, sky is the limit, if you are up no one can look down on you Read my previous public ideas to understand more about this trade, don`t be greedy and always remember the times your lost, because those who don`t remember their mistakes will make same mistakes again.
GBP is cheap and USD is still maintained artificially as a strong currency despite the rate cut.