This 4 hour buy signal is in alignment with our current downside bias with USD. Although NZDUSD appears to be downtrending, what we are trying to earn on this trade would not invalidate the downtrend.
The downtrend is part of NZDUSDs greater pullback, ever since DXY has been fighting the low 90's. NZDUSD has not invalidated it daily trend, so we are all go to take this trade. Taken on the Oanda demo account I've tied to Trading View.
Long 1639 units @ .73162. This bar is 12 pips wide, therfore our stop is set at 13 pips. Our target is set at 2.05% at 25 pips.
Lets see what happens! Hope the USD falls.
The downtrend is part of NZDUSDs greater pullback, ever since DXY has been fighting the low 90's. NZDUSD has not invalidated it daily trend, so we are all go to take this trade. Taken on the Oanda demo account I've tied to Trading View.
Long 1639 units @ .73162. This bar is 12 pips wide, therfore our stop is set at 13 pips. Our target is set at 2.05% at 25 pips.
Lets see what happens! Hope the USD falls.
Bình luận:
I apologize in advance, the chart didnt publish my trading orders like I wanted it too...
Giao dịch đang hoạt động:
I'm slightly disappointed, as the USD made its anticipated move down, while NZD has a delayed and muted move. Trade came close from stopping out during the night, but no lower lows were made.
Đóng lệnh: dừng lỗ:
Stopped out for the first loss of August.
Bình luận:
Image of update for records. Price just didn't agree with us. This loss didn't even phase me. Can't take it personally.
