NZDUSD Trade Idea
Price has bounced off the major support level and moved up a but, then broke the previous high now being tested as support.
I am buying at market price 0.67721 and have my stop below the marked level
SL a@ 0.67500 below the minor support and
TP higher up around the previous high at 0.68290
**Check on the Daily time frame to see higher lows formed - this is a sign of a bullish market
Anything below 0.67570 could indicate bearish power in the market.
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
I am buying at market price 0.67721 and have my stop below the marked level
SL a@ 0.67500 below the minor support and
TP higher up around the previous high at 0.68290
**Check on the Daily time frame to see higher lows formed - this is a sign of a bullish market
Anything below 0.67570 could indicate bearish power in the market.
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
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