I'm entering gradually into a long position here. 
NZDUSD has built a significant monthly mode here, which could evolve into a breakout and eventual monthly uptrend. The weekly is neatly oversold into support, and flashed a buy signal courtesy of RgMov, so going long gradually here is a good idea.
Don't risk much, I would consider a drop below 0.689 a good invalidation level for this trade.
4h and daily charts show potential for a rally as well, so you could see rapid progress within a couple days, hence, you should average in during 3 days until you have maxed the risk on the trade. Risk a maximum of 0.5-1%.
Good luck,
Ivan Labrie.
NZDUSD has built a significant monthly mode here, which could evolve into a breakout and eventual monthly uptrend. The weekly is neatly oversold into support, and flashed a buy signal courtesy of RgMov, so going long gradually here is a good idea.Don't risk much, I would consider a drop below 0.689 a good invalidation level for this trade.
4h and daily charts show potential for a rally as well, so you could see rapid progress within a couple days, hence, you should average in during 3 days until you have maxed the risk on the trade. Risk a maximum of 0.5-1%.
Good luck,
Ivan Labrie.
Note
(not yet confirmed)
Note
Trade closed manually
This might result into a flop, I'm out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.