Wednesday, 8 August 2012

NZD/USD 8 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 A low starting the reversal on this timeframe.

FOR TODAY:
We need to wait for a retracement up to the 618/786 of this swing for a short 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:
We need to wait for a retracement up to the 618/786 of this swing for a short trade setup.

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

LONG: Will be going long today only IF:
No long trades since we are in the process of reversing on this pair.

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

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