I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to.
There may be opportunities on 15 min time frame, which I'll be tracking.
I'm stalking GBPCAD and other Sterling pairs for action next week, as Brexit talks have yet again broken down.
Stalking is about vigilance, and investment of time in being prepared.
An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...