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UnknownUnicorn483829

NZDUSD - 3 to 1 Reward vs Risk trade

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Dólar Neo-Zelandês/Dólar Americano (OANDA:NZDUSD)  
UnknownUnicorn483829 Atualizado   
OANDA:NZDUSD   Dólar Neo-Zelandês/Dólar Americano
Support and Resistance Candlestick Analysis Economic Cycles duncanforex tradeidea NZDUSD price action
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supportandresistance candlestick economiccycle duncanforex tradeidea nzdusd price action
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
Comentário:
Hi all, buy stop moved lower so trade set up currently looks like this now
snapshot
Comentário:
trade not activated as yet - buy stop may be removed prior to FOMC as will look to enter on a bullish pullback.
Aviso legal

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