Hi, clearly the selling pressure is still strong, but my plan has not changed since last week. I am waiting for a pullback.
Hi, clearly the selling pressure is still strong, but my plan has not changed since last week. I am waiting for a pullback.
If you're monitoring the NZDUSD, contemplate this technical standpoint.
On the daily time frame, price action has rejected the horizontal station (magenta) where it has been functioning between February and April 2018. A rejection pinbar was formed a week Thursday that was followed on Friday with a bullish candlestick, and we might expect a northward pullback from the early part of this week. A likely area price action can retrace to is the minor resistance round the 0.70380 area before a southward turnaround.
I might be incorrect. Trade safe and prosper
KP
I just switched to the brief side. It looks like a direct fall to the 0.6760 zone is possible, with no expected pullback.
In accore with Price action . . Historically 0.68 was a fantastic support. I'm still bullish on this above 0.68. . My target is 0.72... below 0.68 the goals would be 0.67
0.66 0.59 respectively. . And ofcourse with bullish retracements...
Be aware of your trading philosophy and analysis. Stay Green.
Good socialist budget from NZ today.
Bit of short covering/profit taking around the NZD and AUD .
Still see alot of drawback on the kiwi . . Very optimistic on jobs and growth
no indiions about nzd power yet.everything points bearish right nowOriginally Posted by ;
Bearish it is
Back in brief @ .6908, tight SL @ .6930, TP @ .6860 but adaptive
1 Attachment(s) Channel Chart
https://www.nigeriaforextrading.com/...de-system.html
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