Art-of-FX

NU daily megaphone

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FX:NZDUSD   紐元 / 美元
2
Ive been on such a good streak lately I hesitated a little bit posting this trade due to the rate change last Thursday night. The daily chart has a beautiful overthrown 4-8-daily trend line which is also the bottom of the megaphone pattern. Im not convinced that it has the legs to make the target due to fundamental reasons, however the technical side is too good to pass up. The daily candle wasnt to shabby either. My stop is already in profit and will just let this play how it plays.
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