Tuesday, May 09, 2017

Nzd dollar Price Action Update support and compression levels holding price up

Hi,

I am quite keen to let everyone update about the recent price Action setups and the one I found today is kiwi dollar or NZD/USD.

I am still bullish on the pair towards the move 0.7030 for the short term, but the problem we are having is to breach the 0.6950 area, and once it is breached as price has compressed to 0.6880 support and once this supply is engulfed we should look to buy the pair towards the retracement 0.6990 levels.

So, Entry should be like :--

Buy Limit 0.6890-95 level

Stops 0.6870

Target !@ 0.6970

Target2@ 0.7030


1 comment:

  1. For traders to gain success in the market for CFD
    , it is necessary that they gain knowledge of whatever is happening economically around the world and keep a tab on all economic occurrences. For this purpose

    ReplyDelete

Popular Posts