Perfect whipsaw set up on the NZDUSD for FX:NZDUSD by IkanBilisCapital



The points of liquidation that was marked out on this pair has yet to be visited. As the price trades within a narrow channel, its the perfect set up for a whipsaw to both sides to liquidate all the retail traders. BULL CASE
We think the new zealand dollar is ready for a major move upwards to break the 0.705 and 0.71 levels. BEAR CASE
A short term price manipulation to the downside can happen, creating a long wick to the 0.68 level before finding upside.



more…

See also  Daily Asia-London Sessions Watchlist: NZD/USD