Long NZDUSD - Monthly Breakout
Updated
With starting this Week, the NZDUSD have make a strong upward movement. Last Week the monthly lows from April have held.
In my view, the upward movement has a good chance of breaking through the Month's highs from March and April.
The Entry for Longpositions is good between 0.6990 - 0.7040
First Target 0.7100 and the next Target is round about 0.7240
This Trade is more a Position Trade over Days and the Risk/Win Ratio is very good.
The Stop is good under the Daily lows, so that 0.6970, better is the Stop under the last Week Highs by 69.30
If we see a breakout over the Monthly Highs by 0.7050, it`s not bad to buy addional longs.
Good Luck
Michael
In my view, the upward movement has a good chance of breaking through the Month's highs from March and April.
The Entry for Longpositions is good between 0.6990 - 0.7040
First Target 0.7100 and the next Target is round about 0.7240
This Trade is more a Position Trade over Days and the Risk/Win Ratio is very good.
The Stop is good under the Daily lows, so that 0.6970, better is the Stop under the last Week Highs by 69.30
If we see a breakout over the Monthly Highs by 0.7050, it`s not bad to buy addional longs.
Good Luck
Michael
Trade active
Good Day for Longs. We have a closing on the near from the Monthly Highs.With the new fresh Day and new fresh Momentum, and a short Way, we have good chance to see a clear breakout through the Monthly Highs.
Good Luck!
Michael
Trade closed manually
It was not enough power to to make a Monthly Breakout. Longs still have a good chance, but the risk is big that the market falls back. I would therefore not take risk with long Positions and rather close open Positions.
Comment
The NZD had make a good move on the end of the Week. Longs have good chance to see the Targets in the next Days. Stops change to 0.7030Trade active
Longs are in Business and it`s only a question of Time to see the TargetsTrade closed: target reached
Now we see Prices in the near from the first Target. It`s not bad to make a little money and closing a Part of Long Positions. Addional change Stops to 0.7078, so that long Positions can not more lose.
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