Another trading idea to look out for is when prices reach major values, such as the NZD/USD above reaching 0.7500 (double zero at the end). These are usually critical support and resistant areas.
Hang in there for my trade entry post for this!
Tuesday, July 8, 2008
Upcoming Trade: NZD/USD
NZD/USD is currently approaching it's support zone. I would be placing a buy order when it reaches around the 0.7500 area. Target is around 0.7630 (+130 pips) with a potential to go on to 0.7900 (+400 pips). Lets keep an eye on this one then:
Another trading idea to look out for is when prices reach major values, such as the NZD/USD above reaching 0.7500 (double zero at the end). These are usually critical support and resistant areas.
Hang in there for my trade entry post for this!
Another trading idea to look out for is when prices reach major values, such as the NZD/USD above reaching 0.7500 (double zero at the end). These are usually critical support and resistant areas.
Hang in there for my trade entry post for this!
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2 comments:
Thanks for you tip. Been studying tradiing for 6 months and still alive. Look forward to visiting your blog in the future. Found a link to your blog on Forex Factory.
Darrell, California
darrell.rocknme@gmail.com
Hi Darrell,
Great to have a comment from a stranger :) Well, I still make LOTS of starters mistakes in my day-to-day trades. The tough part is really fighting emotion. And perseverance (dang, did I spell that right?). And remember, there will be losses in trades, it is not always perfect, just remember to hang in there! Cheers!
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