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arieg1985

Possible Long Position for NZD/USD_Trade Plan 2017.06.18

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
arieg1985  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD LONG tradeplan
2
0
nzdusd long tradeplan
snapshot

D1, H4, and H1 are all showing the overall trend is still up with price holding up above MA200.
In H1, after rejected from major D1 resistance area 0.72985-0.73337, price coming back down to major H1 support area 0.71856-0.71913 and then bounced.

Trade Plan 1:
If price pull backs to the nearest support area 0.72234-0.72294 or Fibo Ret 50% and rejected up, can consider to long the market.
Minimum Reward-to-Risk Ratio should at least 2R.

Trade Plan 2:
If price pull backs to the next support area 0.71856-0.71913 and rejected up, can consider to long the market.
Minimum Reward-to-Risk Ratio should at least 2R.
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