Long term view of NZDUSD Long

FX:NZDUSD1D

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ May 6, 2016 2:19 AM

We shorted NZDUSD at 0.7020 and plan to hold this for the long term.

Trade active

⋅ May 9, 2016 1:27 PM

I am continuing to hold on to this trade. The pair has broken 06810 and we are up by about 250 pips.

Stop Loss is just above 6810 - mine is at 0683

Trade closed: stop reached

⋅ May 11, 2016 2:17 AM

Out at 6810 with 215 pips. The NZ news took out my stop.

Comments

arif_awan

⋅ May 12, 2016 6:38 PM

Snehath

⋅ May 7, 2016 1:25 AM

So the pair bounced at 0.6810 as mentioned in the chart. If the pair can break below this we are going to see a big move to test the 2016 low. However this will be a long term trade that will take a few months to pan out