NZD and USD tend to inverse corelate very well and with USD artificially inflated despite the rate cut from yesterday i aspect NZD to show some strength.
In addition the EMA`s tend to signal the same thing, double confirming the above idea.
This trade looks very safe but i choose to have a very tight stoploss, can be modified accordingly to your account, but friday is NFP so extra care is needed.
In addition the EMA`s tend to signal the same thing, double confirming the above idea.
This trade looks very safe but i choose to have a very tight stoploss, can be modified accordingly to your account, but friday is NFP so extra care is needed.
Trade active
Trade active:
100 pips reached
Trade closed: target reached