ShukriMahadi

NZDUSD looking for LONG with good RR!

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD has been in a 500 pips sideway range since september 2016.
Last week price has tested again support level at 0.6850 and support holds.

Trading plan:

We are looking for possible pullback to blue trendline channel between 0.6900 or 0.6950 zone and LONG from there.

Hard SL is 0.6800

Take profit 0.7200
Take profit 0.7400

Risk per entry 2%

Risk event :
Tue Jun 5
10:00pm USD ISM Non-Manufacturing PMI

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.