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RingerFX

Just a PLAN for NZDUSD, not entering yet!

Dollar New Zealand / Dollar AS (FX:NZDUSD)  
RingerFX  
FX:NZDUSD   Dollar New Zealand / Dollar AS
Trend Lines NZDUSD nzdusdtradesetup Trend Line Break fakeout
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trendline nzdusd nzdusdtradesetup trendlinebreak fakeout
Looking at a potential short trade on NZDUSD, if you love trendlines you will like this chart! We have a medium term upwards channel. The thicker trendline above is a longer term trendline and it looks like there could be a fakeout on this one. Finally we have a shorter term upwards trendline in which price has broken out of and now I am waiting for a pullback before entering! The pullback may not come but I prefer to wait rather than take a lower Risk:Reward
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