Waiting for a weekly close...NZDUSD heading down
I spotted a correction in NZDUSD, the pair has been trading sideways for a couple of weeks now, and in general the trend isn't strong in one particular direction, so I advise caution with this trade.
I'll re enter short after the next weekly close, since I've been stopped out by a sudden price increase.
Key levels are the green and red dotted lines, a breach of the green line's resistance would invalidate the setup for the time being.
Target is 0.745 initially.
I'll re enter short after the next weekly close, since I've been stopped out by a sudden price increase.
Key levels are the green and red dotted lines, a breach of the green line's resistance would invalidate the setup for the time being.
Target is 0.745 initially.
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