More NU Profits As The NZD Weakens

It's very simple. As long a pair keeps giving setups I will keep taking them. At the moment, NU is one of the pairs. We've made some nice profits over the past few weeks and for those watching last week was another one.

NU

The first time I mentioned this pair was at the beginning of the month where we took a short trade which you can see here.

I mentioned the very same pair last week when another short opportunity with the trend presented itself so we took that as well. If you missed that here it is.

Now for the most recent setup.

It was clear the downtrend was still in play so I was only looking to short this pair.

Price rallied to the same level we shorted from the last time and price action suggested would hold again.

As always I continued to watch this pair for confirmation and when I saw it, we took action.

And then the drop...

Now no doubt this move was affected by news hence the quick profits when it finally happened. However this trade was preplanned days in advance. If you look at the timestamps in the images you'll see that the potential for this short was analysed last weekend based on chart analysis alone which was then shared with the premium members and updated throughout the week.

This week, we will do it all over again.

I hope you found this useful.

Any questions, just ask.

If you want to know how to spot trades like these, then just click "Show Me How" below.