NZDUSD: Trading Signal

by ashaab on 6:01 AM in Trading Signals

The break lower in NZDUSD may be the bear trap. I am waiting for some weakness from September high to enter the trade.

Trading Strategy: My order to go short at 0.8388 with stop loss 0.8440 and target profit open for now.

Important levels to watch:

Support : 0.8231, 0.8266, 0.8310

Resistance : 0.8389, 0.8435, 0.8480

About ashaab
Been trading the forex market since 2003. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i have choose ichimoku and Harmonic patterns as my main strategies beside using support and resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful..