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UnknownUnicorn483829
Jul 30, 2019 3:21 AM

NZDUSD - 3 to 1 Reward vs Risk trade Long

NZD/USDOANDA

Description

Hello all - DuncanForex here with another trade idea

Although against the prevailing trend, NZDUSD has broken out from it's down trend.

It is currently at support where previously a head and shoulder pattern was created.

Based on this price action, I expect it to head higher to previous resistance.

I will be watching it closely and trailing my stops, however do expect this to head higher.

DuncanForex.com is now live, you're welcome to register for free to access a lot of free content.

Thanks for looking at my trade idea

Duncan

Comment

Hi all, buy stop moved lower so trade set up currently looks like this now

Comment

trade not activated as yet - buy stop may be removed prior to FOMC as will look to enter on a bullish pullback.
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