NZD/USD is currently in a uptrend on the higher time frames.
It is bouncing off of the 38.2 Fibonacci level and I expect it to go up from there.
Here is the trade I will be taking on this pair:
ORDER TYPE = MARKET BUY NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.68229
STOP LOSS = 0.66510 - 192 PIPS - $19.20 LOSS
TAKE PROFIT = 0.74809 - 637 PIPS - $63.70 GAIN
It is bouncing off of the 38.2 Fibonacci level and I expect it to go up from there.
Here is the trade I will be taking on this pair:
ORDER TYPE = MARKET BUY NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.68229
STOP LOSS = 0.66510 - 192 PIPS - $19.20 LOSS
TAKE PROFIT = 0.74809 - 637 PIPS - $63.70 GAIN
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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.