NZDUSD: Long, and looking for more long opportunities

After a long weekend (not because of the labor day in the US and Canada, but because last Fridays NFP announcement) I think the NZDUSD represent one of the best trading opportunities this week, earlier during the Asian sessions the market broke an important resistance long term level. What is more interesting is that the next long term resistance level is around 0.7152, more than 200 pips where the market is trading right now. Please take a look at the next chart:

My Trading Plan:

As long as the NZDUSD keeps trading above the long term support level, I will be looking for long opportunities. All take profit orders will be placed below the next long term resistance level at 0.7152

All short signals will be ignored

Good luck

Raul Lopez

Tags: , ,


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .