The NZD has been rallying lately and part of the reason for this has been the increase in the Dairy Auction prices that have had 5 consecutive good readings. Today the GDT showed that the price increase could just be temporary and the NZD is still a much weaker currency compared to the USD. I would have liked to have taken this on the break of the support at 0.6780 but missed it so I will wait for it to pull back and catch it on the support turns to resistance factor.(if it happens) If not I will still wait until we get a pull back on the recent red candle on the 4 hour chart either way it would be nice for price action to show sellers are taking up the opportunity to get into this currency pair at a good price to go short. want to know more about how I trade? boafx.com
Kommentera:
LOCKED IN B/E
Kommentera:
stopped out B/E