Thought I'd try keep up my namesake and post an NZD idea.
Looking to re enter another short position catching upswing volatility around / during / after announcement (circle area )- so I can keep my stops tight. Not too worried that I will miss this trade. Hoping for a double top at area where MA 50 and MA 200 squeeze together around recent resistance just below 0.91000.
Will take epic Hawkish news to break and close above that level in my opinion.
Still bearish in the immediate short term but bullish after price settles. Somewhere around recent strong support area in the 0.8880 area. From there on? I will let the wave theory and pattern guys take over.
---- Trade smart, trade within your limits , don't be an egg -----
Looking to re enter another short position catching upswing volatility around / during / after announcement (circle area )- so I can keep my stops tight. Not too worried that I will miss this trade. Hoping for a double top at area where MA 50 and MA 200 squeeze together around recent resistance just below 0.91000.
Will take epic Hawkish news to break and close above that level in my opinion.
Still bearish in the immediate short term but bullish after price settles. Somewhere around recent strong support area in the 0.8880 area. From there on? I will let the wave theory and pattern guys take over.
---- Trade smart, trade within your limits , don't be an egg -----
Note
Should start seeing some lateral movement now as we enter US trading time.BUT - Let's see how many Bulls there are out there
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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.