NZD/USD Signal Update
Last Thursday’s signals expired without being triggered.
Today’s NZD/USD Signals
Risk 0.75%
Trades must be taken from 8am New York time until 5pm Tokyo time today only.
Short Trades
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.6804 or 0.6862.
Put the stop loss 1 pip above the local swing high.
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 ride.
Long Trade 1
Long entry 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.
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 ride.
NZD/USD Analysis
I wrote last Thursday that this is the most dull and boring of all currency pairs and really not worth trading at the moment.
There has been no change to this situation at all, as the price just gentle see-saws along within a very sluggish slight bearish trend.
I think the best opportunity that might come along would be a long trade at a bullish reversal at or very close to 0.6625.
There is nothing due today concerning either the NZD or the USD. It is a public holiday in both London and New York.