empty
 
 
10.07.2020 09:53 AM
Trading idea for the NZD/USD currency pair

This image is no longer relevant

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

Yesterday, a false breakout from last month's high occurred, which closed the quotes below the level of 0.65800. Trade short positions to lower the pair even more in the trading chart.

This image is no longer relevant

The goal is to update the monthly high for June, which is the level of 0.63800. It will only be possible if stop loss is set in the medium-term, which is a kind of trap for the bulls.

This idea is based on the "Price Action" and "Stop Hunting" strategies, and it's profitability is 4 to 1.

Good luck and remember to control the risks!

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