[quote=bernbeach;2060611]
also have a look to:
http://www.forexfactory.com/showthre...69882&page=140
"save" longs seems to be above 75,80.
If uptrend establish you may choose one of the fibo lines...
I think 50%fibo is good, 61,8 would lead to a bullish engulfing on the weekly. This is not good. Over all, usdnzd is bearish, so think of the risk, its against the major trend ! (but has confirmation by stochastics and MACD, so I toke it).
I would go out of the trade, when the right candlestickpattern appears.
Also have a look to daily support/resistance.
DislikedHi silver, hi all,
I think now its time to think going long for NZD/USD. There is a doji on the daily after 9 bullish days. So i will wait for price-development tomorrow London/New york and long. After minimum 50 % retracement (maybe upper channel line-100% retrace ?) I look for continuation of the downtrend (incomplete bearish crow at the weekly).Ignored
Disliked
think going long for NZD/USD, when you think about continuation of downtrend?Ignored
http://www.forexfactory.com/showthre...69882&page=140
"save" longs seems to be above 75,80.
If uptrend establish you may choose one of the fibo lines...
I think 50%fibo is good, 61,8 would lead to a bullish engulfing on the weekly. This is not good. Over all, usdnzd is bearish, so think of the risk, its against the major trend ! (but has confirmation by stochastics and MACD, so I toke it).
I would go out of the trade, when the right candlestickpattern appears.
Also have a look to daily support/resistance.