Last day I sold NZDUSD after price pierced support at 0.748 but I was stopped out. Today NZDUSD printed another bullish rally but it seems to me that it will not be able to print a HH (e.g. a daily close above 0.765, my stoploss level). My first target is once again 0.748, then I will close half of my position and move stop to break even targeting 0.373.
Stay with me if you also think that any rally in NZDUSD is an opportunity to sell from value!