Friday, 2 December 2016

NZD/USD 2 DECEMBER 2016 4HOUR - UPDATE !


UPDATE

Price fell down to the 618 and gave us a bullish cs formation. We have entered a long position with stops 50 pips below. Limits are 120 pips.

We maintain our bullish bias will the A low holds. Only a sustained break of the low negates this outlook.

FOR TODAY: Will be going short if:
No short trade setups, if price falls we will stand aside as we are looking for long entries lower down circa the 618/786. 

FOR TODAY: Will be going long if:
Price fell down to test the 618 and gave us a bullish cs formation. We are therefore long, stops 50 pips below, limits 120 pips.

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