NZD is still the strongest currecny and market could form a double top or break through pushed by the Inverted H&S
Little double top?
Inverted H & S
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Sold @ current market price @ 0.6650
High impact news tonight on NZD... keeping my short.
I am on the short side on this pair... I mean my pending order is waiting for the daily confirmation :) Its nice to know that you are focusing on short too at the moment..
Today we have received the first signal on NZDUSD on the new indicator Master Trend. NZDUSD maybe over extended regarding... creating a potential entry to enter short. Let's watch this pair closely before taking trade.
Breaking up?
I guess this time the red arrow is wrong
Based on TAC... it is wrong yes !... but even if uptrend is consolidated to make significant higher move.... I could pullback done.
down*
800 pips correction could happen... back to 0.7200
Short... SL above 0.6470
AB = CD
Took a shot at the long side @.6694 price action breaking the long downtrend line on daily chart today w 70 pip stop
If we can take out .6752 by Friday, we could have an upside weekly reversal as well.
Stopped out.