FX:NZDUSD   New Zealand Dollar/U.S. Dollar
31 2 1
price is unusually surging upwards without closing the D1 gap.
h4 also shown bear engulfing pattern.
i really wish to enter now but will wait for better risk reward at 0.7820.
looking to close out half at target 0.77410 and other half at 0.7640.
stop loss above the pin bars @ 0.786. only close out position if h4 successfully closed above those pin bars.
WATCH OUT FOR THIS H4 BAR CLOSE. IF PRICE CLOSE ABOVE 0.7762. MOVE YOUR STOP TO BREAKEVEN AS PRICE COULD BE BOUNCING BACK TOWARDS THE UPPER WEDGE TRENDLINE. NO GAIN IS BETTER THAN LOSS.
THE CLOSING OF THIS H4 BAR IS KEY TO WINNING THIS TRADE. IF PRICE CLOSE BELOW 0.7750, PRICE WILL CONTINUE TO TUMBLE. CAN LOOK TO EXTEND YOUR PROFIT TARGET TO 0.7705.
WAIT FOR THE BAR TO CLOSE, DO NOT RUSH ANY ACTIONS.
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easy pips.
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