fxlivedaytrading

NZDUSD (SHORT) losing momentum, channel has broken and retested.

FX_IDC:NZDUSD   紐元 / 美元
Its appears the NZDUSD             has broken the trendline channel. We have been tracking this pair most of the week waiting for this to break. We retested the trendline and went short. It is choppy today as we await for NFP so I suggest extra caution.
The reverse is now in play. I can expect a drop now that the NFP is done and dusted. Nice setup either way mate.
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@Jamal92, Hi, Yes I agree thanks for your feedback. I am got stopped on this trade, but the good thing is I was short on USDJPY with no target. The one thing I did not like about this trade is the channel was not a rising wedge which is what I like to see before I short oh well its ok.
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exquisite
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keep in mind holding into NFP can be risky!
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