NZDUSD - In Sideways
NZDUSD is in a sideway trend and the I just came by a symmetrical the might get the price one way depending on its first move.
Most probably the price could go to the bearish side as there is no signs of divergence and the lower trend is still intact.
For now I'm placing my orders both way with tight stop losses and very close Take Profits.
Lets hope for the best.
My Positions
Plain A
Buy Stop : 0.6248
Stop Loss : 0.6226
TP1 : 0.6274
TP2 : 0.6300
Plain B
Sell Stop : 0.6226
Stop Loss: 0.6248
TP1 : 0.6201
TP2 : 0.6175
Most probably the price could go to the bearish side as there is no signs of divergence and the lower trend is still intact.
For now I'm placing my orders both way with tight stop losses and very close Take Profits.
Lets hope for the best.
My Positions
Plain A
Buy Stop : 0.6248
Stop Loss : 0.6226
TP1 : 0.6274
TP2 : 0.6300
Plain B
Sell Stop : 0.6226
Stop Loss: 0.6248
TP1 : 0.6201
TP2 : 0.6175
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