benjaminhay

big move NZDUSD, buy opportunity

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
the pair was consolidating for a while and breakout this morning. Investors seem to start taking some profit on US dollar
EUR and GBP are not interesting at the moment so the only ones left are AUD and NZD

Order placed on the retest of the level and stop below the previous low
Target is ideally 4R with trde managment on 4h timeframe

current retail sentiment (myfxbook) : bearish
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.