NZDUSD Daily Long 23-03-2018

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pdr

Still have my trading 'L' Plates
Staff member
#1
After just closing a NZDCAD short for +200 pips (based on an anticipated rally in NZDCAD), I thought it worthwhile to take a long NZDUSD. As per the chart below, I anticipate a bounce off of the 'Floor Layer 1' looking for a R:R of 1:2.