Be careful attempting a short via NZDUSD. The blue lines are Fib retracements via MONTHLY. These combined with the reality that it has already bounced at fib/support is a massive bullish signal (in general). News at 5:45pm cst Sunday.
It's correlation to the dollar makes it even more risky. I will spend a few hours gathering the Asia session pulse of the dollar. I expect it will try to rally back up again (intraday-wise).
NEVER trust the dollar technically. NEVER chase the dollar. She can be a B.
Wait until news. Trust Trade setup. Be patient. Be choosey
TL;DR
Expecting a move down for NZDUSD with bad news on Sunday or dollar rally, but NZDUSD is Bullish via WK & M. Intraday or scalp via short. LONG on swing, especially if news is good and dollar is idle or down.
It's correlation to the dollar makes it even more risky. I will spend a few hours gathering the Asia session pulse of the dollar. I expect it will try to rally back up again (intraday-wise).
NEVER trust the dollar technically. NEVER chase the dollar. She can be a B.
Wait until news. Trust Trade setup. Be patient. Be choosey
TL;DR
Expecting a move down for NZDUSD with bad news on Sunday or dollar rally, but NZDUSD is Bullish via WK & M. Intraday or scalp via short. LONG on swing, especially if news is good and dollar is idle or down.