NZD/USD at important LEVEL!

Hey tradomaniacs,

NZD/USD has just tested a potential strong zone for bullish confluence.

If the stockmarket calms down and retraces back upwards we might see a bounce here and a continuation of the previous breakout!

This pullback stops out retailers and could give bank the liquiditiy they neecd to buy!

I`m watching this level carefully - A breka below would obviously a sell-confirmation!


LEAVE A LIKE AND A COMMENT - I appreciate every support! =)


Peace and good trades
Irasor

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Any questions? PM me. :-)

Trade active:

NZD/USD: Daytrade-Execution

Notice:

Market is kinda calm now which is why this trade involes a higher risk.
We are following the uptrend here - NZD/USD holding key-levels so far.

Market-Buy-Order: 0,70865
Stop-Loss: 0,70700

Point-Of-Risk-Reduction: 0,70985
Take-Profit: 0,71140

Stop-Loss: 16 pips
Risk: 0,5%

Risk-Reward: 1,7

Trade closed: target reached:

NZD/USD: Trade closed with +27 pips (+0,85%)

As we head into the US-Session I have decided to take the profits at our original Take-Profit.

Previous US-Session were often very volatile and this decision part of my risk-management.
If you want you can take partial profits and let the trade run.