FX:NZDUSD New Zealand Dollar/U.S. Dollar
The pair has surged up through a strong impulse and our first recommendation is to buy the pair on pullback around 6900 while targeting 7030. From there we anticipate to trade the CD leg of which is our main trade for the pair. We expect to enter short trade at 7030 with stop above and targeting 6500 as our final target. RRR is around 10 which makes it highly lucrative trade.
Comment: As anticipated the price ulled back to 6900 and we entered long position which will be fully closed at 7028 while short entry will be based on prudent price action around 7030 where we will target CD leg completion of the Gartley!