Get The Ultimate Guide to Price Action Trading (FREE)

You'll learn:

A powerful trading strategy that lets you capture momentum and ride trends
How to tell when a BIG MOVE is about to happen by spotting this simple pattern
How to identify hidden strength and weakness in the markets, so you can "PREDICT" market turning points

Fill up the form below and download your FREE guide

August 11, 2014 By Rayner 1 Comment

NZDUSD weekly is trading higher with 350 – 400 pips range.

NZDUSD daily is approaching 0.8400 which a key area to watch out for.

Further more I expect a cluster of stops just below it as those who went long would probably placed their Stoploss just under 0.8400

With that in mind, I will be looking to long when these traders are cutting their trades.

Long at 0.8390

SL at 0.8290

1st target at 0.8800

Trade safe folks! 😀

Kam says
August 12, 2014 at 8:19 am

Good projection. Never had a profit of 400 pips in single trade. Really want to see it does happen.I will be watching this pair. If you managed to open position please advice How to manage the trade.Hopefully I will open a position. As I get excited when I get 60 + pips and most of the time closed the position early.
Reply