ApexFX_

NZDUSD - nice buy opportunity on open

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I have outlined in my chart what I expect to happen with this pair so it will be a case of a sensible lot size due to it being market open and observing the trade throughout Monday. Nice RR as we normally wait for the pair to reach the TL before entering. However, as you can see there has been a nice reaction off this level here so it is worth a punt. If price continues to drop then we will add another buy position with a 25 pip SL on the trendline. Trade safely. drop your comments with any questions :)

Comments

that seems like a flag for me i think it can go down
Reply
ApexFX_ meysam4154
@meysam4154, each to their own. Personallyy don't trade flag patterns etc as they are too unpredictable. As anticipated the pair has reached TP1 of 50 pips this morning.
+1 Reply
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