Lets wait for a breakout and then we continue the bearish movement. +200 pips target
OANDA:NZDUSD is forming a good bearish flag. Overall trend for pair is bearish. Can we break below? Happy Trading
The daily candle on the Kiwi formed a Hammer right on top of previous support. Therefore I believe there is a high probability for more upside. If price breaks below last Fridays low, then this will invalidate the setup. Possible exits will be at 0.66000 (round number / psych level) or at the next resistance at 0.66767. First target is at 1,5 R and second at 2,5...