ChrisThein

NZD/USD 30min Fake Out on a Stop Push

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I'm looking to get long in a stop push. On the 30 min chart on the right looks it like some support showing up around .6740-6737. I'm anticipating a bunch of longs being pushed out around .6730 because that would the logical spot to have your stop. So looking to get long when everyone would be getting stopped out around .6729. I would have my stop just below that small Rally-Base-Rally zone at .6720 (yellow box) on the 5 min. I'm looking to close the trade around .6795. Good luck trading out there.
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.