MrVolcano

NZDUSD - New impulse leg about to begin?

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Pair has been in a corrective phase recently. Notice the LH and LL's at the fib retrace levels.

Seem's likely that there will be one more bull back to the Fib 50% (0.7104) or even 68% (0.7068) level, where I expect bulls to return. This could be a good opportunity to get in early and get a very good R/R as price will likely up to around 0.7300.

Daily Chart
Trade closed: target reached: Unfortunately my entry was just a bit too tight. Price didn't retrace back any lower and I missed the entry and a very good climb, which easily reached my target 2 days later with 200 pips and around 6R.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out