Dear traders, Here is your NZDUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the USD stands at “6”, and the NZD stands at “1”, meaning that the USD is stronger than the NZD, thus only looking for BEARISH /SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at white line labeled “Sell limit 1” (with a 1% risk position size)
Our 2nd SELL Limit is placed at white line labeled “Sell limit 2” (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at white line labeled “TP 2”
Our Stop Loss is placed at red line labeled “Stop Loss” Chart Timeframe; H4 Thank you. Like & Subscribe.