Similar to AUDUSD, this pair has seen a formation of a head and shoulders pattern which has broken downwards strongly.
Price is now attempting to make a retracement upwards before the downtrend continuation.
Late to long, early to short scenario.
Wait for a retracement upwards before taking a short position
NZDUSD Short
Entry is valid as long as price is below 0.7120
SL: .0.7270
TP: 0.6760
Price is now attempting to make a retracement upwards before the downtrend continuation.
Late to long, early to short scenario.
Wait for a retracement upwards before taking a short position
NZDUSD Short
Entry is valid as long as price is below 0.7120
SL: .0.7270
TP: 0.6760