NZD/USD - Range Breakout Positioning.
Looking for a break above/below range after parabolic move.
We're seeing mean reversion but if we fail here and break demand this is what I'm looking for: Two potential trades: 1) If we break current demand (108.322) and get a round re-test around this level I am scalping shorts to 108.000. (To be clear, I will only take this if we break demand and get a retest around 108.339 ish - see chart) **Stop above supply (was...
Eventually Dollar is going to release through 92.150. Being cautious on JPOW testifying later today (16:00 GMT). Break 92.250 and it's go time.
Stops below 61 fib level for tight stop (1741) Stops below thrust candle around (1738) for wider position.