Hi,
Previous trade is now invalid for me, however after the commodity pairs have moved up very nicely yesterday, it has presented another trading opportunity.
On the daily timeframe, NZDUSD has formed a bullish engulfer, giving me a bullish bias.
So for an entry, i am looking to pivot long off previous structure, which is also in line with the 50% retracement.
TP just short of the highs.
Previous trade is now invalid for me, however after the commodity pairs have moved up very nicely yesterday, it has presented another trading opportunity.
On the daily timeframe, NZDUSD has formed a bullish engulfer, giving me a bullish bias.
So for an entry, i am looking to pivot long off previous structure, which is also in line with the 50% retracement.
TP just short of the highs.
Trade closed: stop reached:
Awful month - unexpected news has taken us out