Forex Trade NZDUSD Buy

in money •  7 years ago 

Currency Pair: NZDUSD
Entry Price: 0.707350
Stop Loss: 0.70553
Limit: 0.71035

My Evaluation: Not a big trade but again I am in the learning process still. I have only been trading for 3 months. My thinking: NZD/USD is currently trending in a downward tunnel. nzdusd9 oct 2017.PNG
I decided to buy because the current trend in in the middle to lower tunnel and progressing to the top of the tunnel. I expect the trend to continue to the top of my tunnel trend line. So, sure take the trade and learn from this. I am currently in Asia for a few months and realize this market is less active then the London or US trading hours. I realize this is a super small trade and my risk to reward is not ideal. I hope some of you enjoy my first post. Happy Trading!!!
M6 Forex Trading.PNG

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I'm thinking of something similar - buying NZDCHF if it hits my price of 0.6840. The election new is out on Thursday i believe so i expect some swings. Good luck with the trade!

That's not a currency I normally trade but I will research it and see if I like it, Thanks numpypython.

Well This trade Hit my Stop Loss @ .07046, Loss on this one.

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