This here is a weird double top, and it is called a Eve and Adam double top ( Eve is round, Adam is sharp), not that it matters, a double top is a double top. Class A bearish divergence, bearish engulfing followed by a no demand bar, impulse turned red.
For the longer term, I believe this pair has bottomed. I have drawn a chart a few months ago, it is in the linked chart section.
For now, I am long to 1.54, and maybe I'll keep part of the position till 1.50
During this weekend, there have been some sort of elections in New Zealand, and the outcome makes NZD bullish according to the guys over at forexlive, and they are usually right.
I can't post a chart, but if you're interested, buy NZDSEK, it is very bullish.
For the longer term, I believe this pair has bottomed. I have drawn a chart a few months ago, it is in the linked chart section.
For now, I am long to 1.54, and maybe I'll keep part of the position till 1.50
During this weekend, there have been some sort of elections in New Zealand, and the outcome makes NZD bullish according to the guys over at forexlive, and they are usually right.
I can't post a chart, but if you're interested, buy NZDSEK, it is very bullish.
