«

»

Jan 15

NZDUSD quick update

  • What do you think about this trade? I am expecting comments from every members from their own point of view.
  • The NZDUSD has been swinging between the upper and lower boundaries of a large trading range since about the start of September 2013. Yesterday, price reached the upper boundary and key resistance of the range near 0.8410 and rejected this resistance, forming a pin bar sell signal in the process. This key resistance is also an “event area”. Recently we saw some pin bars sell signals that formed here, which led to large moves lower in the ensuing days. We may see price sell off from today’s pin bar and move back down toward the key support zone of this trading range, if price stays contained under the pin bar’s high.
  • NZDUSDD1Drawback: Price is currently in strong bull move.

2 comments

  1. Analyst Commodities

    Earned some $ in my demo.

  2. Trader

    This trade set up reached its profit zone of 200 pips……

Comments have been disabled.