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DanLaffas
Mar 6, 2015 11:14 PM

NZDUSD - Long opportunity Long

New Zealand Dollar/U.S. DollarFXCM

Description

With bullish RSI divergence, previous structure and my previous post of the anticipated 2618 trade for next week, this looks like it could be a good opportunity to get long.

I'm looking at a tight 45 pip stop with a 169 pip target. The target is well short of my 2618 entry as a precaution if that trade doesn't eventuate. I would have an initial target of 95 pips at 0.7439x and if hit, roll stops to break even for the second half of the trade.
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