Good afternoon traders! A trading idea for the NZD / USD currency pair.
For the past two weeks, buy stops have been placed at the level of 0.63700. As a result, on Wednesday, a good short-term initiative appeared, from which a breakout may occur from the level.
Short the pair by forming a classic "ABC" wave pattern, with the exit of buy stop orders at 1.63700.
Forget the idea if the quotes breakout above 0.65.
Have a successful trading and make sure to control the risks!