[TW] 2012-06-11 NZD/USD Long by monstapips

NZDUSD 4- hour

Long or Short: Long
Entry Point: .7605
Stop Loss: .7550
Profit Target/s: .7740
Reward-to-risk Ratio: 2.5 to 1
Risk percentage: 1%
Indicators: Fibonaci retacement, stochastic

Trade rationale: I think risk sentiment is pro-appetite now, as equities and high yield currencies rally even on news of rate cuts or more easing. I think thats what people are looking for, so thats they may start pricing in. Technically, the pair broke out of a double bottom, so im basically just playing a retest of the neckline. the .7600 handle also runs through the 50.0% Fibonacci level. Stochastic hasn’t reached below 20 yet, so I think I still have a chance to get triggered.

Trade adjustments: May let small position run if we see a strong risk rally next week

I am with you on the long but circumspect on your entry and stop loss which, if I am correct, may not enter.
I will be posting my analysis with an entry at 0.7656 and stop loss at 0.7613! we shall see

Hi Sir!

So, do you think that shall we buy this pair focusing for this week?
What you sentiment about the NZD/USD for 11-15th June? Bullish or Bearish?

Thanks for sharing.