NZDUSD - 3 to 1 Reward vs Risk trade
Hello all - DuncanForex here with another trade idea
Although against the prevailing trend, NZDUSD has broken out from it's down trend.
It is currently at support where previously a head and shoulder pattern was created.
Based on this price action, I expect it to head higher to previous resistance.
I will be watching it closely and trailing my stops, however do expect this to head higher.
DuncanForex.com is now live, you're welcome to register for free to access a lot of free content.
Thanks for looking at my trade idea
Duncan
Although against the prevailing trend, NZDUSD has broken out from it's down trend.
It is currently at support where previously a head and shoulder pattern was created.
Based on this price action, I expect it to head higher to previous resistance.
I will be watching it closely and trailing my stops, however do expect this to head higher.
DuncanForex.com is now live, you're welcome to register for free to access a lot of free content.
Thanks for looking at my trade idea
Duncan
Commento:
Hi all, buy stop moved lower so trade set up currently looks like this now
Commento:
trade not activated as yet - buy stop may be removed prior to FOMC as will look to enter on a bullish pullback.