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scalony
24 jun 2014 07:01

NZDUSD short trade idea Kort

New Zealand Dollar/U.S. DollarFXCM

Beskrivning

Te resent move to the upside on NZDUSD seems to loose steam. Recently CCI produced divergence. Furthermore we are not far from the resistance at 0.8770. It looks to me like a good risk to reward trade. The better entry for this trade would be at prviously mentioned resistance 0.8770 but at the moment it is impossible to say if the market will produce another push to the upside to reach this level. So I will enter right now with half of my usual position and place the pending order at the resistance.
Mer