On Friday last week the NZDUSD commenced a potential reversal. After re-opening on Monday the pair has pulled back towards Support which looks like a retest to go long. I am utilising a 78.6 Fibonacci Level to gain my entry on a limit BUY. Should the pair pullback that far, the Trade will trigger to go LONG. I am looking at a split trade for this move. If Price triggers and reaches the Profit Level 1, 50% of my trade will be closed with the remaining 50% to remain active. At that point should this occur, my Stop will be brought up to a Break Even status. Good Luck.
Trade closed manually:
High Impact US News (CB Consumer Confidence) approaching in approximately 2 hours. At this stage the pullback came past our fib level and our trade triggered.
Holding at this point in this area with approaching High Impact NEWS isnt something I like to do so Im going to close this trade and Break Even for now.
Holding at this point in this area with approaching High Impact NEWS isnt something I like to do so Im going to close this trade and Break Even for now.
Holding at this point in this area with approaching High Impact NEWS isnt something I like to do so Im going to close this trade and Break Even for now.