I'm going long on this Baby!!!!
I'm going long on this Baby!!!!
Be careful...stochs overbought on a 4 H chart..RSI up and looking to fall for a retracement. Use Fib to follow then buy on a dip is my tactic. Tight stops needed. Trade with caution.
S.
Bollingerband is good for tracking NZD/USD.
on which timeframe would you use bollinger bands on NZD/USD?
Now I'm looking for a level to short NZD/USD.
Here's an interesting setup on NZD/USD. Was reading through this DailyFX article in the analyst arena thread US Dollar Carving Out Bottom Against Most Major Currencies and saw the NZD/USD outlook at the very bottom of the page. At first I thought the pending sell in NZD/USD was as terrible idea considering the uptrend, but if you look at a daily chart and draw fibonaccis, it's nearing hte 62% retracement level.
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