See daily chart of NZDUSD below for the discussion that follows.
NZDUSD is testing support and showing indecision. I’m will be looking to go long if I get bullish price action / candles (confirmation) as per my strategy.
Note: The NZD pairs have been extremely weak lately, and with this being countertrend… if I enter, it will be with less than my usual risk size.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.