CeoCodes

NZDUSD Price Advantage

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
New Zealand has fared better during the coronavirus pandemic than most other countries on the planet giving it an advantage to restart a growth based economy. New Zealand Dollar is well-positioned for more gains, similar to its sister the Australian Dollar

Traders are further net-short than yesterday and last week (acording to IG ), and the combination of current sentiment and recent changes gives a stronger NZD/USD-bullish contrarian trading bias.

TARGETS
Intra Day level 0.70978
Level To Reasses Overall Trend 0.7117
Comment: PROFIT TARGET 1 HIT
Comment: PROFIT TARGET 2 HIT
Trade closed: target reached: πŸ’₯πŸš€ All trades closed in proft. No trend trades until after the FED
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Not Investment Advice, Trade at your own risk.

Comments

How did you pick the resistance levels?
+1 Reply
@shfkrhn look for other confluences. gather many touches of certain levels on the higher timeframes D W M - and aim for round levels
Reply
well done
+1 Reply
keep them coming, any ideas for the fed?
+1 Reply
CeoCodes pinelover
@pinelover, staying out for a few hours.
+2 Reply
Thank you... pls analyze eur/usd also...before FED lol
+1 Reply
CeoCodes crudetrader555
@crudetrader555, of course, my friend
+2 Reply
Hey where do I get the indicator please
Reply
NZDAUD Analysis also share please
Reply
nice ideas hope the dollar weakness will support this trade
Reply
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