NZDUSD Trading Idea: wait for a pullback and go short
Last week the NZDUSD broke the bottom of the range, since then, the kiwi has been falling like a rock, and I’m getting ready to short it.
Here is my plan:
I’m waiting for a pullback to the main ST resistance level at 0.7760. I plan to hold my trade until the NZDUSD reaches the next LT support level at 0.7500.
Sounds like a good plan to you?
Let me know what you think.
Cheers,
Raul Lopez
Forex Training
Tags: forex, NZDUSD Analysis
Raul Lopez
I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching
program, I can help you develop a system that helps you trade with better results.
