FX:NZDUSD   New Zealand Dollar / U.S. Dollar
16 0 0
Looking at possible double bottom forming on 1-Hour chart or pair is consolidating for the next few days in a range pattern. Target profit around 0.7135 with Stop loss around 0.7075, with a 2:1 reward-risk ratio. Entered @ 0.7095 at 3:00 PM EST. First post here in TV. Will start posting some more. Main approach is price action trading with emphasis on risk-reward ratios and major price psych levels.
Trade closed: stop reached: False bottom. Took the trade too early.
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