Monday 30 July 2012

NZD/USD 30 JULY 2012


NZD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied to break the A high resuming the uptrend on this pair.

FOR TODAY:
We need a retracement down to the 618/786 of this swing for a long trade setup.

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 trade set-ups during the retracement.

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

LONG: Will be going long today only IF:
We need a retracement down to the 618/786 of this swing for a long trade setup.

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

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