NZDUSD profit target reached perfectly, prepare to buy
Buy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from.
Trade closed: target reached:
Damn we're good! haha hope you guys made good money on this trade!