I entered short on this pair with a gartley entry hoping that it may go back lower. Will this be my 4th consecutive losing trade? Check my trading struggle here. goo.gl
I entered the cypher pattern but was not able to enter at the right spot. Hopefully this entry is worth it. razotefx.blogspot.com
Is this another lower high? Can this pair make another lower low? Can this trend continuation setup complete? On the daily chart, the pair just bounced from the trend line and is going south.
If the price can continue to go up to the short term trend line and test the resistance, it would be a good time to short the pair and hop in to the trend.
I know that NZDUSD maybe very bearish technically in the long term but current price action is consolidating. With the break and close above July 10 highs on the daily time frame, I believe that this pair can still go a little bit higher higher. For a more detailed analysis, razotefx.blogspot.com Good luck in trading guys!