Just shot a video breaking this one down to our Syndicate members. What we're looking at is a potential 2618/Structure short opportunity on the NZDUSD.
IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our previous double top formation.
Ultimately based off of my daily chart analysis, I would predict a bearish day tomorrow and a potential move down to the 0.7120's to 0.7060's level before seeing some more bullish involvement.
I'm not currently involved in this move, but will certainly have it high on my trading radar as we move into Tuesday's trading session. I'll keep you guys updated if anything changes that is worth noting.
Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
Akil@TradeEmpowered.com
Trade Empowered on YouTube goo.gl/IscNch
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
Instagram: goo.gl/UUyMPl
Periscope: goo.gl/WDqr2W
IF we get a break & close below our previous structure lows (see last bearish candle), we will be given multiple ways to enter this short opportunity, both involving waiting for a retracement back into our previous double top formation.
Ultimately based off of my daily chart analysis, I would predict a bearish day tomorrow and a potential move down to the 0.7120's to 0.7060's level before seeing some more bullish involvement.
I'm not currently involved in this move, but will certainly have it high on my trading radar as we move into Tuesday's trading session. I'll keep you guys updated if anything changes that is worth noting.
Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
Akil@TradeEmpowered.com
Trade Empowered on YouTube goo.gl/IscNch
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
Instagram: goo.gl/UUyMPl
Periscope: goo.gl/WDqr2W
Note
Traders looking to potentially get involved tonight just keep an eye out for NZD Inflation Expectations news 11pm NY Time (as there are still high expectations of a Rate Cut in a few weeks) & RBA Cash rate/ Rate Statement
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tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.