Friday, 20 July 2012

NZD/USD 20 JULY 2012


NZD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied to the 8029 level we were looking for yesterday.

FOR TODAY:
We will sell if we get a test of yesterdays high followed by a bearish cs formation.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:
We will be looking for price to test yesterdays high followed by a bearish cs formation for a short trade set-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:
Today we are looking for dips down to the previous days lows followed by bullish cs formations for long trade setups.

If we don’t get the setup we are looking for then we don’t trade.

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