Just a quick, super simple one here. We've got NZDUSD appearing to be rangebound in this hourly timeframe between 0.633 and 0.628. I have just dropped 2 levels on my chart and i'm looking for some short term bullish bias. If we get this bullish move, more specifically a test and rejection of 0.628, I will look to enter long up to my targeted area before looking for a longer term short that fits the daily/weekly trend.
Trade closed: target reached:
Perfect. Little dip below showing why its always good to give a trade to breathe, even if it does cut down on our risk:reward. 2% risked, 4% gained