Ive been posting a lot of NZDUSD short plays over the last couple of months and especially since the last monthly close. This HNS neckline being broken and possibly retesting on the daily as we speak will be another reason to add into my short play. If all goes as planned I will be taking profit on the lower ascending trend line listed on the chart.
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This could make a move to the broken trend line for a retest there if it prints above current, the bearish downside will still be intact
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at this point we have a classic retest of the underside of the TL, this will be a defining area for the NZDUSD
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great PA here look for the break
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woul just draw a short term TL under current price action and reshort if it breaks. Easy pips on the way down and great wya to stack positions.