Hello traders good to be back with you as we are just starting the U.S. session. I found this NZDUSD pair to be very interesting as we can see on the chart how this has been in a range for a very long time.I am glad to see the 10ema is now above the current candle. My bias for this pair is bearish and has been for a very long time, so is my trade plan. Well I need price action to get below the 55 ema and the daily pivot point and give us a retest as then that will become resistance and we can enter a sell position. I would like to enter at the price level of 0.7092. I am looking to take profit at the S2 pivot at the price of 0.7017somewhere in that zone.
Thank you traders and we will talk soon…….William
FX Instructor Forex Blog – For Traders, By Traders
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