Monday, 9 July 2012

NZD/USD 9 JULY 2012


NZD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price fell to the 618 of this pair. We are still in an uptrend until a sustained break of 7839, only then do we start a reversal on this pair.

FOR TODAY:
We need a clear bullish cs formation from current levels  for a long trade setup. 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. Stand aside.

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 clear bullish cs formation for a long trade setup, 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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