NZDUSD Wait For Break Out And Trade!!
Updated
NZDUSD is approaching a resistance but it's also still close to the upper range. Best thing to do is to have some patience and wait for one of them to break out. Then trade it in that direction.
Indicators are bearish with ADX red line about to crossover the green line and Stoch is also making a bearish crossover. If you lack patience like I do you could already try to open a short position with a stop loss a bit above the upper range (10 pips) if it happens that this upper range breaks then buy NZDUSD like you would have done if you had some patience ;) :P
Indicators are bearish with ADX red line about to crossover the green line and Stoch is also making a bearish crossover. If you lack patience like I do you could already try to open a short position with a stop loss a bit above the upper range (10 pips) if it happens that this upper range breaks then buy NZDUSD like you would have done if you had some patience ;) :P
Comment
upper range is broken. but its also touching a resistance... would try to buy the dips on Monday, likely to see a retracement of 30-40 pips down from that resistance
Related publications
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.