NZD/USD Signal Update
Yesterday’s signals were not triggered.
Today’s NZD/USD Signals
Risk 0.75%
Trades must be made from 8am New York time until 5pm Tokyo time only.
Short Trade 1
* Go short following a bearish price action reversal on the H1 time frame immediately upon the next entry into the zone between 0.6875 and 0.6907.
* Put 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.
* Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
* Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6625.
* Put the stop loss 1 pip below the local swing low.
* Move the stop loss to break even once the trade is 20 pips in profit.
* Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
NZD/USD Analysis
The range continues. You can see this pair as just as a weaker and less bullish, more ranging version of the AUD/USD pair. The only reason to be trading this pair at the moment is to take advantage of either of the key level which are holding very strongly, in fact even as the price gets anywhere near a key level, trades are possible at turning candlesticks.
There is nothing due today concerning either the NZD or the USD.