NZDUSD 4H RANGE TRADES

NZDUSD is in an bullish uptrend.
It has moved sideways in a range
Watch Macd for direction

Bullish Range Breakout Trade
Buy Stop .7073
Take Profit .7150
SL below Range top

Bearish Range Trade
Enter below 100 sma
Sell Stop .6965
Take Profit .6902
SL above 100 sma

Comment:

Red line on the chart is a 100 sma (simple moving average)
Blue line on the chart is a 50 sma (simple moving average)

Comment:

Price will usually cross below the 50 sma and then go halfway and return to 50 sma then if market timing is right it will fall below the 50 sma again and go to the 100 sma. It has done all that but has paused at the halfway mark. We will see if price continues to the 100 sma or stays there or back to the 50 sma until the FOMC is done tomorrow.

Comment:

Sell Stop .6902

Comment:

Lets try again Sell Stop .6965
Price broke below 100 sma heading to bottom of range