Nice shorting opportunity on NZD/USD. Enter between 0.6915/19 with stops above 0.6940.
Target 1: 0.6875
Target 2: 0.6818
Keep in mind the extremely oversold Stochastics. And additionally, the D line has not crossed above the 80 level since
it's breakout from 27.10.2017 which means that there could be plenty of bullish pressure still in this market
Also, keep an eye on DXY as there is still a GAP below to be filled which might send this pair up suddenly.
Happy trading.
Target 1: 0.6875
Target 2: 0.6818
Keep in mind the extremely oversold Stochastics. And additionally, the D line has not crossed above the 80 level since
it's breakout from 27.10.2017 which means that there could be plenty of bullish pressure still in this market
Also, keep an eye on DXY as there is still a GAP below to be filled which might send this pair up suddenly.
Happy trading.