kate25

NzdUsd - trading with pivot points and pivot trend lines

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This is a continuation chart from last published - Kiwi is above the 8 hr trend but with the new daily pivot, price will again find itself below the daily trend - Kiwi remains long as long as above the 8 hr trend - targets are the daily trend and weekly pivot. Pivot trend lines differ from traditional trend lines as they are adjusted with each new pivot point - what this means is the chart that is displayed starts as a long - however if price falls below the 8 hr trend then the long position is re-examined to see if it remains feasible to stay in or switch to a short position. Like past charts updates are placed in the commments

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