NZDUSD Medium cycle
NZDUSD is in a trading range now
the price in on the mid line of trading range. considering the bull momentum it can break this level.
also the DXY chart show us the bearish trend.
its broken the mid line of trading range and its can reach 102 level.
when i will trade ? when its broke the mid line whit a candle and the candle must closed higher than mid line.
where is my target ?
if its broke the mid line my target is 0.60713-0.60840 level.
when i will risk free ?
when the position reach one to one risk to reward. on 0.60545.
when will this analysis be done (stop loss)?
when a candle closed under 0.61 price level, my analysis done.
its just my personal comment please don't trade whit this.
thanks for you attention.
the price in on the mid line of trading range. considering the bull momentum it can break this level.
also the DXY chart show us the bearish trend.
its broken the mid line of trading range and its can reach 102 level.
when i will trade ? when its broke the mid line whit a candle and the candle must closed higher than mid line.
where is my target ?
if its broke the mid line my target is 0.60713-0.60840 level.
when i will risk free ?
when the position reach one to one risk to reward. on 0.60545.
when will this analysis be done (stop loss)?
when a candle closed under 0.61 price level, my analysis done.
its just my personal comment please don't trade whit this.
thanks for you attention.
Note
NZDUSD reached our firs target (0.60545) we must risk free this position. Trade closed: target reached
its better to close your position but if you want you can save profit and keep your position for more targets.
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