Long NZDUSD

NZDUSD posted a green Heiken Ashi candle last week on the weekly time frame. This suggests to me that we may see another green weekly candle.

It is also the case that NZDUSD posted a green Heiken Ashi candle on the daily time frame after a red daily candle. This suggests to me that we may see a multi-day bull run.

Comment:

A view from the weekly time frame using Heiken Ashi candles.

Comment:

A view from the daily time frame using traditional candlesticks.

Trade active:

I entered this trade using a market order. I placed my stop loss below the local low.

Let's see where it goes this week.

Trade closed manually:

I decided to close this trade for about break even this morning.