It appears the Kiwi is going to give us a gift of pips. A look at the NZD/USD daily chart below will give you an idea of the plan. We’re looking for a daily close below the up trend line and then a retest of the line to go short.
Always remember to maintain your risk parameters, be patient and wait for the setup to come to you. Happy pips everyone!
Secret Asian Man 😉
Readers, I apologize that I was unclear as to where the entry on this trade should be. I should have marked it on the chart. Here is a more complete description of how the trade might progress:
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: