NZDUSD Institutional Buy Setup

Good morning traders. NZDUSD did not manage to get up to that .7070 figure to give us a chance to get short with the trend. However our Institutional research suggests that traders will be eyeing support down between .698-.697 for potential targets. As usual use a 30-40 pip stop loss and look to get whatever you can on the profit side. Good luck traders!

Kommentar:

I have a pending order at .6975.. hopefully I get filled!

Trade ist aktiv:

Getting in at market at .6977, just 5.7 pips ahead of the major support level. May be jumping the gun, but we are very oversold on the day and right in the middle of the two levels.

Trade geschlossen: Stop wurde erreicht:

Stopped out of this NZDUSD ... no buyers stepped in at all