NZDUSD - BOTH SHORTING AND BUYING OPPORTUNITIES
The pair has been in a strong decline for the past 10 days now, and looking at the higher time frames there is no real reason for any counter-trend trades at the moment, which is why I'm considering a short position with the first small pullback we will see in the lower time frames. The primary target is the key level of 0.72220. When and if the price reaches that point I'll be paying close attention to the price action as the pair will have completed a 3 stages of impulse waves so we could see an opportunity to go long there. This from a technical standpoint
From a fundamental standpoint we have the release of the US' Core CPI tomorrow so pay attention to that, and we can also not ignore the geopolitical tensions between the States and N. Korea which shift investors towards the safe haven assets such as the JPY, GOLD and CHF all of which have gained strength the past few days.
Till then trade safe and do your own due diligence before entering a trade.
For further insights join me on:
http://www.valuedbusinessconsulting.com/
From a fundamental standpoint we have the release of the US' Core CPI tomorrow so pay attention to that, and we can also not ignore the geopolitical tensions between the States and N. Korea which shift investors towards the safe haven assets such as the JPY, GOLD and CHF all of which have gained strength the past few days.
Till then trade safe and do your own due diligence before entering a trade.
For further insights join me on:
http://www.valuedbusinessconsulting.com/
Trade fechado manualmente:
Stopped out at first, reopened and then position went as initially projected
Trade fechado: objetivo atingido:
long target reached
