Many traders are afraid to go long when the market reaches new highs/lows, but I don’t see a reason to be afraid. The only thing that worries me a bit is that we don’t know where the market might retrace, but that’s the reason I use in these types of trades a risk-reward ratio of 3:1.
This is the case of the NZDUSD, it is currently trading around historical highs, in a clear bullish market condition:
Tags: NZDUSD Analysis
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 .