I dont usually trade on Fridays though we might see a pullback to the trendline from a little bit lower of bat pattern. Let's see. I also think gold will continue moving up to 1365 resistance area.
ABCD pattern completed. I will be looking for possible returning formations here.
I like betting against AUD lately as I believe it's the worst currency with NZD! Gartley pattern might work here.
If you missed the pullback, the best place to open sell. I tend to lower size as much as I can against USD.
Wait for pullback and sell. It might drop to the 1.00 levels from here.
That's what could happen. If the price will go up to the resistance area, I will short it.
A neutral stance is most likely on Wednesday. Target 1.6950
Price moved back to the levels I expected. Now, I will be looking for long opportunities.
New Zealand dollar gained %9 against Yen in the last month. I think the time for shorting the pair has come and I will be looking for returning formations in this area. Wedge breakout firstly.