Greetings Traders!
This week started off relatively quiet, not a whole lot of movement but we as traders know that kind of lull never lasts. Thursday's trading session picked up in volume and price action and once again we are beginning to see new price action.
This is a very quick trade down to the 1 hour or 4 hour chart on NZDUSD, .6500 if you haven't seen it already has shown itself to be a substantial level of support.
Entry at Market .64540
Stop Loss .6495 - Tight stop
Target Profit .6675
Alternatively you can look for manual entries along the blue trend line, wait for a break and price to come back for a re-test.
Should .65000 level fail as a support...you can also look for a selling opportunity on a retest of the .65000 level.
Please do your own analysis before entering a trade. Feel free to ask questions, comment, "like" or follow.
This week started off relatively quiet, not a whole lot of movement but we as traders know that kind of lull never lasts. Thursday's trading session picked up in volume and price action and once again we are beginning to see new price action.
This is a very quick trade down to the 1 hour or 4 hour chart on NZDUSD, .6500 if you haven't seen it already has shown itself to be a substantial level of support.
Entry at Market .64540
Stop Loss .6495 - Tight stop
Target Profit .6675
Alternatively you can look for manual entries along the blue trend line, wait for a break and price to come back for a re-test.
Should .65000 level fail as a support...you can also look for a selling opportunity on a retest of the .65000 level.
Please do your own analysis before entering a trade. Feel free to ask questions, comment, "like" or follow.
