NZD/USD Signal Update
Last Thursday’s signals were not triggered.
Today’s NZD/USD Signals
Risk 0.75%
Trades may only be taken from 8am New York time until 5pm Tokyo time.
Long Trade 1
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6850.
Put the stop loss 1 pip below the local swing low.
Adjust 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 2
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of the bullish trend line currently sitting at around 0.6825.
Put the stop loss 1 pip below the local swing low.
Adjust 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
This pair continues to look very bullish. It is rising strongly, forming a new trend line which it has got well ahead of, and flipping new resistance to support at 0.6850. Both of these give new opportunities to get long at pullbacks, but there is a shortage of many other good levels.
There is no really obvious resistance except the area around 0.6950 which might be tough for the price to penetrate easily.
There is nothing due today regarding either the NZD or the USD.