This is a Big Level in Kiwi: Here’s the Trading Plan!
Like I mentioned in my early update the Kiwi, Whilst being strong against the USD hasn’t managed to break out very far to the upside. In
Rowan Crosby•Thursday, October 12, 2017•1 min read
Like I mentioned in my early update the Kiwi, Whilst being strong against the USD hasn’t managed to break out very far to the upside. In fact, it still hasn’t managed to crack resistance at the 0.7100 level.
NZD/USD – 240 min Chart.
NZD/USD – Trading Plan
I’m looking for a break to the upside and a bearish candle. So basically a candle or candle pattern that is indicating that the sellers are in control. If we can see that there is an imbalance and the resistance level is valid then I will be prepared to short here.
There is still the chance of some USD follow through in the European and U.S. sessions given the fact that the FOMC minutes were released late in the day.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
0
0
votes
Article Rating
Subscribe
Login
Please login to comment
0 Comments
Oldest
Newest
Most Voted
Inline Feedbacks
View all comments
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
