Support Resistance Trade NZDUSD 30 m Asian Session
My currency strength indicator showed the N/J and N/U where both good short trades tonight. I cashed out with $16.25 on the N/J and $27.52 on the N/U. I used 1 mini for these $ amounts.If I had used 1 standard lot it would have been $162.50 and $275.20. Once you are confident to trade with Sup/Res levels or the Big 3 during the Asian session you can create a great cash flow. I had two resistance points to determine my resistance range I was waiting for price to come into. Then when it failed to progress further long I entered (could use 5m, 15m or 30m). I just used another resistance level below my entry to determine TP. SL above swing high. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.
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