NZDUSD Long Trade Open:
PVSRA based. I am building long in the area shown. In addition, and without a hard SL, I am prepared to add should there be a spike below this area. Make your own trading decisions, because I could be wrong about this. On this pair I have been wrong before,.....very wrong. And with the three USD high impact releases today, anything can happen. No TP at this time. If this goes bullish, I will need to see some price action next week to determine a TP. However, should price be rammed all the way up to RWH today, I would probably exit the trade with hopes for a re-entry on retrace next week.
PVSRA based. I am building long in the area shown. In addition, and without a hard SL, I am prepared to add should there be a spike below this area. Make your own trading decisions, because I could be wrong about this. On this pair I have been wrong before,.....very wrong. And with the three USD high impact releases today, anything can happen. No TP at this time. If this goes bullish, I will need to see some price action next week to determine a TP. However, should price be rammed all the way up to RWH today, I would probably exit the trade with hopes for a re-entry on retrace next week.