NZDUSD - Just a long idea for the moment
I've been back testing this pair for quite some time over the Christmas period testing strategies that play well etc with some nice results. If you are interested then drop me a message.
This is purely an idea at the moment with a bit of back ground for you all.
We have found some nice levels of clear support which I have outlined and what we may have recently found to be a nice rejection.
With a setup like this, I'm waiting for some price action before seeing how I'd like to trade it. If price rejects off the trendline then we can buy. If we see a break and close of the trend then we can look for an impulsive move up before looking at adding in a fib retracement to get into a sell.
This is purely an idea at the moment with a bit of back ground for you all.
We have found some nice levels of clear support which I have outlined and what we may have recently found to be a nice rejection.
With a setup like this, I'm waiting for some price action before seeing how I'd like to trade it. If price rejects off the trendline then we can buy. If we see a break and close of the trend then we can look for an impulsive move up before looking at adding in a fib retracement to get into a sell.