The titleexplains by itself the trade
Hey mates, On the weekly chart of the NZD dollar index, we can see it is at a demand zone, a trend line resistance, and a significant fibo level. I am expecting a break to the upside for ZXY within a week's time given solid fundamental data. Keep an eye on all NZD pairs in the month of October, they might break out. Like, comment, or PM me if you find this useful :)
Looking to long ZXY when bears loose momentum @ the highlighted green area between 68.2- 70.2
1. Overbought 2. Horizontal support 3. downward trend line 4. upward trend line broken
Hey traders, I wanted to share some short bias on the kiwi for this week. There is clear trendline resistance coming up. If the trendline is broken, be careful trading the breakout as it may be the completion of wave-((B))-of-y. Cheers
Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.
ZXY wait for breakout and confirmation
Short NZD index to complete the last wave before the next impulsion
ZXY POTENTIAL BEARISH AB=CD + BULLISH CYPHER