Hey traders
Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak!
But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has hit a major structure level dating back to sept 2016 and feb 2017. To add to this we've had a major rally to the upside this morning with the RBNZ keeping interest rates at 1.75% as expected. This rally has bounced off previous structure, i would not enter trade yet as I would like to see a confirmation that the trend has continued its upward movement with a new higher high and higher low.
Thanks
Plan your trade, trade your plan.
Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak!
But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has hit a major structure level dating back to sept 2016 and feb 2017. To add to this we've had a major rally to the upside this morning with the RBNZ keeping interest rates at 1.75% as expected. This rally has bounced off previous structure, i would not enter trade yet as I would like to see a confirmation that the trend has continued its upward movement with a new higher high and higher low.
Thanks
Plan your trade, trade your plan.