NZDUSD has been in a downtrend since the 21st of March and is currently flagging to the downside. I see two potential trade opportunities. The first would be selling at the resistance of the flag channel and the second would be trading the full flag pattern. This will depend on how price plays out. For more conservative sell entries we could wait until the Stochastic RSI is below 35.
Trade chiuso: obiettivo raggiunto:
First target reached