I think the Kiwi offers a tremendous reward to risk ratio on the short side here. The situation with persistent inflation and rising energy prices is certainly a headwind for the economy, combined with Powell's increased determination as per his last speech at Jackson Hole, has helped bears gain ground here, triggering both a daily and a weekly down trend simultaneously. The invalidation for this signal is a move back above the 0.6255 mark, in which case a short squeeze would happen. Currently, the chart signal points to a decline towards 0.5762 by October 21st, the latest.
Overall, good setup in the currency market to add to a more holistic trading portfolio (like mine). Any market that adds uncorrelated returns, is a good use of leverage/cash.
Best of luck,
Ivan Labrie.
Overall, good setup in the currency market to add to a more holistic trading portfolio (like mine). Any market that adds uncorrelated returns, is a good use of leverage/cash.
Best of luck,
Ivan Labrie.
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Here's the monthly trend in $NZDUSD as a bonus:
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手動でトレードを終了しました:
I'm not in this one anymore, banked in profit and didn't reshort but it flashed a signal in the daily today.
トレード終了: 利益確定目標に到達:
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Daily trend now up:
Could be a substantial reversal...
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It was a reversal...trend is now up.
