NZD/USD -
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Price went sideways for most of the session yesterday and
then gave us a bullish cs late in the afternoon.
FOR TODAY:
We will look to see if we get support at yesterdays lows,
or if price will break the lows and head for the 786 lower down. Shorts are not
considered at present.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
No short setups according to the system, we don’t have
the requirements in place, we need a test of the BF786 higher up.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
If we get support at yesterday’s lows then price will
head higher, probably to the BF786. If the 618 doesn’t hold then we have
support down at the 786.
If we don’t get the setup we are looking for then we
don’t trade.
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