NZDUSD looks good for a bearish flag set up, with R:R > 2.
Larger set-up as follows:
Larger set-up as follows:
Trade closed: target reached
It was a long wait, but we got tagged. The sell order should have been shifted higher to around 0.689 as the NZDUSD consolidated with an updrift.Traders can take profit now and look for more consolidation before placing the next sell order.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.