NZD/USD -
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Kiwi fell aggressively yesterday taking out both support
levels staring the reversal process on this timeframe.
FOR TODAY:
We will look to sell after bearish cs formations either
from current levels, or higher up.
Will not be trading long trades today, but using them to
establish short entries.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
A bearish cs formation from current levels will suffice
as a short entry since we have past support acting as resistance at this level,
or higher up at the 382.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
Use rallies to establish short trade setups since we are
reversing here on this timeframe.
If we don’t get the setup we are looking for then we don’t
trade.
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