Potential Long opportunity for NzdUsd
Updated
The NzdUsd is still in an uptrend.
0.7214 - 0.7176 is the support area and we can see buyers start coming-in last Thursday trying to push price higher.
The NzdUsd starts to retrace and two Pin bars can be spotted on the 4hr timeframe, forming side-by-side, with the second Pin making a false break.
My position :
Entry : 0.7222
SL : 0.7162
TP : 0.7312
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
0.7214 - 0.7176 is the support area and we can see buyers start coming-in last Thursday trying to push price higher.
The NzdUsd starts to retrace and two Pin bars can be spotted on the 4hr timeframe, forming side-by-side, with the second Pin making a false break.
My position :
Entry : 0.7222
SL : 0.7162
TP : 0.7312
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Note
Adjusted my SL to breakeven. So it is either a breakeven or a winning trade.Note
I have lowered my TP to 0.7295 as NzdUsd did not want to take me out with profit before coming back down.Trade closed: target reached
The NzdUsd hit my 0.7295 TP with a 1.2rMy trade record since Feb 18
+0.2r
Note
26/2 - Eur/Cad (-1.0r)27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (Pending)
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