Kiwi - Selling and Looking for .6900
Updated
Kiwi has not disappointed me this month with great selling. Unfortunately, I jumped off the sell at the 7180 support. I fortunately was able to get back in the sell this morning from 7092. I will keep this updated, as it's a great currency pair for beginner traders. I am break even now and looking for possible next entries. We have a strong dollar this week and as long as we don't get too many interruptive usdollar index waves to the short side, this can go into 6880 this week. So, this and aussie are on my radar. Thanks!
Trade active
I am added on this sell from 7080 again this morning... Hope to see some more down on this. Still have confidence in the sell.Trade closed manually
I am taking a little profit off kiwi and am in break even on this position from 7085 leaving it.Trade active
Hey Guys- I am out of the office today but we have continued selling on nzdusd. stick with plan first target will be .6886. I imagine this is also triggering me into the pound aussie long off 18170 and the pound nzd long.. But just remember May Day holiday tomorrow so trading will be light. until then, keep going with your strong dollar this monday. Take care!Trade closed manually
kiwiwalnut, agree.. this is a take profit area on the usdbaskets from last week. But I will remove only one for kiwi at 70. Going to come off euro at 11940, generally you will see those dollar baskets move together. Thanks for your comment. This was a great trade and a great trade for beginners. Look for slower trading tomorrow with rate statement so - take some off I will remove one more at 70 and leave this.Trade active
Ok we are unscathed on the break even. I have three running into the target at 6880. Leave it.. thinking aussie and nzd more down this evening. Leave this into the target.Trade active
New Zealanders, we are coming to the bottom of this consolidation. You have news this afternoon at 5 pm New York time. Spreads will get wide so manage accordingly.Trade closed: target reached
Ok we are at support. Removing all positions on nzd usd right here a few pips above the support. I also see aussie coming into the right tip of the crown... not in the longs yet but coming off this nzd short. Happy Day!Trade active
69 is giving you fantastic support back into 7140-72. if you are not on this, let your aussie rate announcement come out late tonight and let's get the last half of it! Thanks! Look at Nzdcad as well going long up into 99
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