The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015 SO technically i see a rebound on this technical cluster/area i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed. i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter
Long at 0.6950
target at 0.7055
gain 105 pips
open two different position
Comment
⋅
in fact i enter withotu patience and i know technically i should wait at least that the price come to the long term up- t-ie since sept 2015 anyway i am in gain for now
@Sapper, Good will be a wining trade,enter will small lot and leverage also..but i think is a gap up monday
corsicasia
⋅
@corsicasia, anyway need to ba aware about new nzd monetar policy and search anynews in the week end and during next week,because is them annoucement who will make new direction of NZD can mame it more weak or can make it back strong as before...even mor weak is like all currencie i thik we will ogt a rebound even small than i plan then cut first lot when have + 25-30 pips and put your stop loss on second lot aroud +5-10 pios for safety
Sapper
⋅
@corsicasia, got stopped out by 30 pips. Waiting to reenter arround todays low 0.693s
corsicasia
⋅
@Sapper, by +30 pips i hope ? le i not make SL i this trade is oversold and only speculation on sell off...sad