Aiming for 0.705 Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 28, 2016 7:38 AM

I was watching the chart when NZD rate decision was released. Tempted to long NZDJPY and NZDJPY but price went up to fast. Hence, decided to wait for price to retrace before going in. With drastic plunge in all JPY pairs, our only focus is now NZDUSD.

Trade closed manually

⋅ Apr 28, 2016 4:27 PM

NZDUSD doesn't seem to have sufficient momentum to push it up.Therefore, i decided to manually close it.

nzdusdlong education

Comments

Terence_FX

⋅ Apr 28, 2016 1:45 PM

Typo: tempted to long NZDUSD and NZDJPY

Manu76

⋅ Apr 28, 2016 1:33 PM

Same here. Now let's see if it work

Terence_FX

⋅ Apr 28, 2016 1:47 PM

It doesn't seem to have the momentum to push. I will wait till Asian session and see what happens.

Manu76

⋅ Apr 28, 2016 3:42 PM

I think it might reverse around 0.70 (786 fib retracement)