mashru

mashru Updated 

As can be seen from the chart, FX:NZDUSD has formed a flag within a larger bearish downtrend - and hence seems to be a bear flag formation, targeting the length of the flag stick at around 0.71 levels. While the ideal entry point should be closer to the 7280 region, we are initiating a short position with 50% capital at current levels of ±0.7245 and leaving a...

mashru Updated 

FX:NZDUSD seems to be completing its run up from the lows near 0.6350, and is forming a typical exhaustion Head and Shoulders Pattern, with a neckline near the uptrending trendline support near the 0.7120 region. Trade Idea : Short FX:NZDUSD at 0.7100-0.7120 levels with a target price in the region of 0.6800-0.6820 region, for a >4% return. Rationale : ...

mashru Updated 

The head to the neckline is a perfect 7.6% change...and the projection for a 7.6% move upwards? Bang on the previous highs near ~16.36