As the title suggested, NZDUSD is still far from completing the falling trend, and in fact, it has just started only.
The reversal from a major retracement to a resumption of falling trend started at the beginning of this week.
NZDUSD fell for the 3rd consecutive days and it wouldn't be a surprise for the fourth.
Even if the price does not continue to fall today, I only expect a pause at best.
The reversal from a major retracement to a resumption of falling trend started at the beginning of this week.
NZDUSD fell for the 3rd consecutive days and it wouldn't be a surprise for the fourth.
Even if the price does not continue to fall today, I only expect a pause at best.
Trade active
Given the current break of structure, NZDUSD is unlikely to retrace any further. May consider a short now with a tight stop-loss at 0.6530, TP at 0.6460. That will give you a very good RRR.Note
Price is finally retracing towards supply zone at 0.6540.If price resisted successfully after ECB conference, we can go according to this trading plan.
Note
SHORT
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Related publications
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.