NZDUSD one hour takeYesterday offered up some good short term play on NZD against the 6760 area. Today we seem to have a repeat trading opportunity within a up sloping channel so far today offering resistance. In addition we have A great fib resistance zone From the recent highs around the 6780-6800 area. With hourly price action over lapping and grinding slowly higher I’m thinking taking small short trades using the 6760 as my stop zone to see if we get a repeat of yesterday’s late afternoon play.
More of a short term trade idea and or scalping trade. As usually use your own trade plans and trade your own plan.
Post is not trading advice but a view of my trade / plan be it good, bad, or indifferent, as always the risk is always the traders to bare.
All the best my friends.
