NZDUSD Break and BUY Longs
With the DXY at a key resistance it looks like we may see some USD weakness in the coming days.
With that in mind, NZDUSD looks to be shaping up for some longs in my opinion. There's a fair amount of liquidity in the red circle that I'd like to see taken first before entering long, leaving it to a possible FIB 618 entry, or somewhere in that general region.
With that in mind, NZDUSD looks to be shaping up for some longs in my opinion. There's a fair amount of liquidity in the red circle that I'd like to see taken first before entering long, leaving it to a possible FIB 618 entry, or somewhere in that general region.
Trade active:
Re-entered on this pair, currently +60pips with a SL of +16pips.
Trade closed manually:
closed for +75.7pips
Unfortunately I got stopped out to the pip on this, needed to increase my SL size.