I think this is a good set-up for NZD/USD:
Scrolling back, 0.6960 served a couple of more times as a support or resistance.I will be taking this trade if I do not have an open Geppy trade. So, instead, I just blogged it.Caveat: Not a recommendation. Just voicing out my analysis. :)Update on this blog post:
Should have been up by around 90 pips by now. With 100 pip-target within grasp. Red line should have been my target, had I entered this trade.However, my entry point usually involves setting a Buy Limit or Sell Stop, and price missed my should-be entry point at 0.6960 by 2 pips. So this would have been a "missed trade" anyway.Still, feels good to be right on the analysis. :)
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