Good morning, guys any suggestions on NZDUSD? At this moment this pair is at the resistance 0.63520. I think this pair will go down sL: 0.64336 Sell:0.63529 TP: 0.62700
). This level offers opportunity for more interesting RRR.
{quote} Hi Kevin, I am currently long - trading lower TF than you. TP: 0.6371 SL: 0.6335 I agree with you that on daily is NZD going down but If I were you I would reconsider location of your TP - above 0.627 is 0.6285 zone (on H4) which could be hard to penetrate. I am not sure what are your entry rules but 0.637 seems better for me (IF price eventually gets there
Good morning, guys any suggestions on NZDUSD? At this moment this pair is at the resistance 0.63520. I think this pair will go down sL: 0.64336 Sell:0.63529 TP: 0.62700
NZD/USD had already been trying to form bottom since Oct 28 around FIB50.0, then Fed rate cut and dovish FOMC press conference today helped it start bullish move.
Today's daily candle is most probably closing above trend predictor (red line), that technically will shift the trend back to bullish.
Either we can enter one trade with two targets, one at ABCD161.8 (-3.0 pips) and another at abcd61.8 (-2.0 pips) or we can split our entry in two trades with two different targets.
Risk: SL 2.0 pips below the bottom (precisely below low of the downward spike caused today during FOMC press conference).
NZD/USD analysis | Oct 30, 2019 NZD/USD had already been trying to form bottom since Oct 28 around FIB50.0, then Fed rate cut and dovish FOMC press conference today helped it start bullish move. Today's daily candle is most probably closing above trend predictor (red line), that technically will shift the trend back to bullish. Either we can enter one trade with two targets, one at ABCD161.8 (-3.0 pips) and another at abcd61.8 (-2.0 pips) or we can split our entry in two trades with two different targets. Risk: SL 2.0 pips below the bottom (precisely...
