Nzd/usd

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.

You mind stating why?

Bollingerband is good for tracking NZD/USD.

on which timeframe would you use bollinger bands on NZD/USD?

3 months to 1 year.

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 301 Moved Permanently 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.