NZD/USD Signal Update
Last Thursday’s signals almost gave a good short at 0.6750 but the price did go a little higher than that, so it was not quite accurate enough.
Today’s NZD/USD Signals
Risk 0.75%
Trades may only be taken between 8am and 5pm New York time only, or after 8am Tokyo time later.
Short Trade 1
- Short entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6762.
- Place the stop loss 1 pip above the local swing high.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Short Trade 2
- Short entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6800.
- Place the stop loss 1 pip above the local swing high.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Short Trade 3
- Short entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6872.
- Place the stop loss 1 pip above the local swing high.
- Move the stop loss to break even once the trade is 20 pips in profit.
- Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
NZD/USD Analysis
The downwards trend seems to have resumed in this pair, as the price tried but just could not really get meaningfully above 0.7650. From there, it has been falling again, and the price again rejected this level overnight after a further pull back.
There is nothing due today regarding either the NZD or the USD