NZDUSD D1 Breakout Continues!

18 Nis 2019

I've been following this move for the last few weeks and today has been an important day as the first candle to continue downward from the 200 day MA after closing below the previous day. I believe this to be a strong indication that the price will continue downward in the coming weeks. However, I believe in the near term (1-2 days) we will see a sharp correction back toward the 200 day MA which is maybe a decent opportunity to scalp 20-30 pips off the market before selling for a long term position around .672-.673. Wait for this week's candle to close before entering a long term position; a close above the 200 day MA invalidates this setup.