Tuesday, 7 August 2012

NZD/USD 7 AUGUST 2012


PLEASE SEE MESSAGE AT THE TOP OF TODAY'S BLOG AND THE POLL ABOVE.


NZD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price broke the B high giving us a new AB swing.

FOR TODAY:
We need to wait for 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 setups at present.

If we don’t get the set-up 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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