empty
 
 
01.07.2020 10:22 AM
Trading idea for NZD/USD

This image is no longer relevant

Good afternoon traders! A trading idea for the NZD / USD pair.

As part of the general short-term trend, a false breakout occurred yesterday, in which the quotes closed even lower in the market. Open short positions and follow the trading idea below:

This image is no longer relevant

The target is to short the pair to the level of 0.63750, which is the weekly stops of buyers. The profitability of such a transaction (from the current prices) is 3:1.

This trading idea is based on the "Price Action" and "Stop Hunting" strategies.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback