NZDUSD

Looking at the current DXY levels & the AUDUSD data. We have around 200 pips to the next structure level on AUD and 500 for NZD.

AUD COT Data is currently 24.6k Long Vs 36.8k Short and 1.7k Long being added. Suggesting slightly Bullish this week.

NZD = 14.8k long and 18.6k short - however, -2.2 short and -1.39 long (favouring the Bulls again)

Longer-term swing trade.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Commentaire:

Smaller timeframe - pullback and continue.

Trade fermée: cible de profit atteinte:

Another nice little trade