NZD/USD demo replay
ii've been following nzd/usd inside of a wedge for a while. Indeed the commodity pair broke out, making higher highs than even last year, but i believe it must come down first. this set up is mainly for my buy. If price does play out how i predict, the it should drop sub .71, & maybe even as low as .704. I have my alerts set up at .71 so i can have a heads up on when to buy.
So in this case i would say nzd short (.719) until .71 then tp, and re evaluate and get ready to buy
So in this case i would say nzd short (.719) until .71 then tp, and re evaluate and get ready to buy
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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.