Trading tight markets can be profitable. For the NZD/USD, a key level is coming into view:
Big-Round-Number, 0.64000
Until 10 minutes before today’s Fed Statement (1:50 PM EST) here's the trade:
1) Buy 0.6406
2) Initial stop loss at 0.6394
3) Profit target at 0.6418, 12 pips on a tight 1:1 risk vs reward ratio.
If this trade hasn’t gone live before 2:00 PM EST, pull those orders and get ready for some FOMC volatility!
Big-Round-Number, 0.64000
Until 10 minutes before today’s Fed Statement (1:50 PM EST) here's the trade:
1) Buy 0.6406
2) Initial stop loss at 0.6394
3) Profit target at 0.6418, 12 pips on a tight 1:1 risk vs reward ratio.
If this trade hasn’t gone live before 2:00 PM EST, pull those orders and get ready for some FOMC volatility!
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.
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.