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New Zealand Dollar / U.S. Dollar

NZDUSD 10/28/2019

By JGSotolongo
Updated
Longed this pair when I noticed a Bullish Engulfing print on the Hourly level at 0.63430, I noticed it a bit late, but what really compelled me to take this trade was the collection of swing highs that formed a nice liquidity pool. My play here was to pre-empt a run on the liquidity. I set my target and let it run. The back to back shooting stars definitely tested my confidence but I felt the liquidity pool gave a much stronger sense of market direction as it was just above the Daily level.
Comment
1.4R on this one
Chart PatternsTrend Analysis

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