ClaiFX

THOUGHTS ABOUT NZDUSD CURRENT SITUATION?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Comment: Currently NZDUSD is found in a very large range since september 2016, the pair is bouncing all over between 0.7430 and 0.6815.
We're waiting for some price action indication that will lead us to take a decision in this financial instrument. There is a strong key level found in 0.7320 broken already and we're seeing some kind of retest. If the trend goes short we need to see this key level broken again and a retest along with the downside.
Comment: Our BIAS is neutral until the main range break to the upside or start retesting the range again and go to short one more time.
why is trading so hard? :( I got in at a good support area i thought around .7317 and it has just been ranging around .7400-.7330. Ugh! I believe it is going down, but hate being stuck in trades for days. Good sign I have not been stopped out yet. Usually when I am wrong I get stopped out pretty fast so I believe down is where we are heading! ;) Target is .7220
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ClaiFX pipking88
@pipking88, Trading is not that hard if you use a clean chart and try to focus only in the correct confirmations that the market is giving us everyday. I always diversify my entries so when the market start becoming slow, I'm not stuck because either I close the complete position or I have running just a small portion of it. Also we always use Break Even. Try to move always your Stop Loss when the market is going in your favor and you'll eventually save more money and become more profitable.

-ClaiFX Capital
+1 Reply
Our BIAS is neutral until the main range break to the upside or start retesting the range again and go to short one more time.
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