NZDUSD - ready for the next trade with this pair..
We are still holding NU from our last analysis, as you can see we came close to the stop loss and then price continued up. We are now anticipating next steps.
If you take a look at the level 0.67786 you will see nice rejections from this area so we then look for a nice zone where price may push too so we can start to look at Stop loss points etc. So if we see the pair push to 0.67786 then we will look to enter a sell with a 25 pip stop loss and a final take profit of around 140 pips. Not a bad RR ratio is it?
Keep your analysis simple and risk safely and reap the rewards.
If you have any question drop me a message! :)
If you take a look at the level 0.67786 you will see nice rejections from this area so we then look for a nice zone where price may push too so we can start to look at Stop loss points etc. So if we see the pair push to 0.67786 then we will look to enter a sell with a 25 pip stop loss and a final take profit of around 140 pips. Not a bad RR ratio is it?
Keep your analysis simple and risk safely and reap the rewards.
If you have any question drop me a message! :)
