TCMertC

NZDUSD long or short???

TCMertC Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD DAILY CHART is pretty simple. If you re a long term trader and bought nzdusd at 0.6600 or 0.6610 u can hold on to it for another 1 more leg up and put your stop loss to some profit or to breakeven. if you re not in the trade, wait for a good price action on a daily candlestick to see where the price wants to go and just hop on the trade with smaller time frames. the direction is not clear yet but i expect one more up before it drops really strong. it needs to test previous highs. also if you wanna go short right now, dont forget the fact that the you re in an uptrend. you re trying to counter a strong trend which is not a smart move.
Trade closed: target reached

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