NZDUSD: the bulls have entered the game

Hey, Traders! Our trading strategy showed a shift of initiative to the bulls. The upward movement is expected to exceed 0.6178 and break the key high of the downtrend, which has lasted since Dec 28, 2023. We closed the existing short positions and opened a buy trade for the entire equity limit.

Trade active:

We've entered another buy trade at 0.60599, doubling up our position.

We anticipate a move in the upcoming sessions, pushing the market towards the level of 0.61366 and even higher.

Trade closed manually:

We've decided to cash in our buy trades at a price of 0.6148. With the leverage factor taken into account, our overall profitability reached 1.747% for the week (equivalent to around 90% annualized).