Abdul_Light

Potential Long Set Up On NZD/USD

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all the amateur traders out once it reaches this significant event area, where all the pros start buying the market.

IMPORTANT: MAKE SURE YOU RISK MANAGEMENT IS AT A GOOD LEVEL, DO NOT RISK MORE THAN 3% OF YOUR TRADING ACCOUNT PER TRADE AND THAT'S ONLY ON A HIGH PROBABILITY TRADE!

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