Strong bullish action on NZD
Take advantage of the reversal. Strong pinbar.
First target 0.725
Stop loss 0.7065
First target 0.725
Stop loss 0.7065
Trade closed manually
Moved the stop loss to 0.7020 as there is a monthly demand level.As expected the price bounced from there.
But, there is no upside momentum. The level at 0.71 is getting rejected again.
Closed manually, at a small loss at 0.71.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.