Bullish 5-0
Trying my hand with Harmonic Trading, I came across what looks like to be a Bullish 5-0. The pair hasn't been this low since 2009. And the trade balance for NZ are expected to be be very good (result in an hour and a half). All this make me want to go long. I'll wait for trade balance result and the price to cross the Pivot Point then I'll go long with a take profit at 0.68700, I'll place my stop loss somewhere below the pivot point not sure where exactly yet.
Nota
The Trade balance was better than expected, yet the price seems to be bouncing off the trendline, wait and seeNota
That didn't went as I expected, I'm still watching the pair, it seems to be following the trendline.
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