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abajwa
May 27, 2020 5:07 PM

NZD/USD trading at a discount? Long

New Zealand Dollar/U.S. DollarFXCM

Description

Good rejection off s/r and bond spreads indicate value should be higher. Have taken a few pops for blue box as T1, then move stops to b/e. Will close out earlier if value line changes

Comment

Taken 50% at 6192 stops to b/e +2

Trade closed: target reached

final 50% closed 6220
Comments
transparent-fx
here is what I see for nzdusd, I will be monitoring
abajwa
Very clear and concise analysis. A very possible scenario, thank you. The recent down move from 6230 to 6150 had quite a few areas showing evidence of institutional sell limit orders. I’m hoping they are still not waiting there. I will be taking 50% profits at around 6190.
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