yungWulf

NZDUSD ascending wedge breakout fakeout

Long
yungWulf Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD broke out of the ascending wedge structure then broke back in on the retest. My position here is a short term buy as every indication shows long term bearish trajectory for NU. There's also the dollar weakness, shown in the DXY. Hopefully we can get in and get a few pips and get out unscathed lol.

Happy trading y'all and stay safe!
Trade closed: target reached:
Short term buy spot on. Trade won. On to the next!
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.