NZDUSD - looks like short-term down (30-50 pips), then up, but let's see..
Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity.
If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then I'll be make my setups to wait for TP2 0.6950 (moving stops and booking some profits) and 0.7050 as a main targets.
Even I can took a small short on H4, not to make money, but for fun (pips hunting, and not for making money).
NZDUSD SELL 0.6833
SL 0.6853
TP 0.6803
NZDUSD BUY AT 0.6800 (or earlier if price get rejected before hitting 0.6800 on H4/ H1)
SL (probably) 0.6750 (I will set the SL when (if) I have clear buy on H4)
TP 0.6840
TP2 0.6880
TP3 0.6950 (main target)
NZUSD BUY ABOVE 0.6850 (if price goes directly up above the resistance)
SL BELOW the candle that breaks the 0.6850 level
TPs are the same
It's my trading plan. I will make it more clear probably on Monday around London or US open, it depends :)
www.trade-insider.com
Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity.
If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then I'll be make my setups to wait for TP2 0.6950 (moving stops and booking some profits) and 0.7050 as a main targets.
Even I can took a small short on H4, not to make money, but for fun (pips hunting, and not for making money).
NZDUSD SELL 0.6833
SL 0.6853
TP 0.6803
NZDUSD BUY AT 0.6800 (or earlier if price get rejected before hitting 0.6800 on H4/ H1)
SL (probably) 0.6750 (I will set the SL when (if) I have clear buy on H4)
TP 0.6840
TP2 0.6880
TP3 0.6950 (main target)
NZUSD BUY ABOVE 0.6850 (if price goes directly up above the resistance)
SL BELOW the candle that breaks the 0.6850 level
TPs are the same
It's my trading plan. I will make it more clear probably on Monday around London or US open, it depends :)
www.trade-insider.com
Comment:
Nice prediction, but we missed TP by few pips and BUY trade did not trigger...
Trade closed: target reached:
NZDUSD 2nd BUY TRADE TRIGGERED and TP HIT +30 pips and it's nears TP2, running with +50 pips