Hello everyone,
This is my views on the NZD/USD currency pair for this week and probably the next.
After a decent drop in the price the pair reached a pretty strong Weekly support area, which proved to work good both as resistance and support in the past. We are currently standing right above that area with the price trying to escape from it. This gives us a nice opportunity for a few Buy trades this week and probably also next one. As you can see I have posted my Buy Zones on the trading chart with numbers and possible stoppage or consolidation areas. Keep them in mind since we are going to trade the pair on the M30 time frame, so don't get caught up entering close to those areas, cause we might see a slight correction from there and the price might pick up your SLs. I will update the idea here and I will post Live Signals on our Twitter page, so follow us there.
I wish everyone a profitable week! :)
This is my views on the NZD/USD currency pair for this week and probably the next.
After a decent drop in the price the pair reached a pretty strong Weekly support area, which proved to work good both as resistance and support in the past. We are currently standing right above that area with the price trying to escape from it. This gives us a nice opportunity for a few Buy trades this week and probably also next one. As you can see I have posted my Buy Zones on the trading chart with numbers and possible stoppage or consolidation areas. Keep them in mind since we are going to trade the pair on the M30 time frame, so don't get caught up entering close to those areas, cause we might see a slight correction from there and the price might pick up your SLs. I will update the idea here and I will post Live Signals on our Twitter page, so follow us there.
I wish everyone a profitable week! :)
Trade active
LIVE SIGNAL available on Twitter: twitter.com/DMTBulgaria/status/927855101540274176Good luck :)
Trade closed: stop reached
Unfortunately on this trade our SL was hit. I will keep looking for possible entries - the plan is still valid! :)Trade active
Live Signal available on Twitter: twitter.com/DMTBulgaria/status/928638304874061824Trade closed: stop reached
Our SL was hit on our last trade during the night. I will continue monitoring the pair and looking for possible entries.Order cancelled
The pair made a swing up covering some percentage of the first Buy Zone, but after that it went down breaking for now the Weekly Support Area. I am cancelling trading according to this plan. Stay tuned for more plans and new opportunities.
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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.
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.