After the intraday rally last Friday, that reversed nicely for us, it appears the next key target the swing low at 0.6949 made back on 7/21/16.
Next key target: 0.6949 the daily swing low from 7/21/16
NZD/USD Daily [last 0.7076] – After the intraday rally last Friday, that reversed nicely for us, it appears the next key target the swing low at 0.6949 made back on 7/21/16. This should only represent Wave 3 of 5; but it might be a good place to either take profit, or definitely lock in more profit on our open short position…
Futures, Forex and Option trading involves substantial risk, and may not be suitable for everyone. Trading should only be done with true risk capital. Past performance either actual or hypothetical is not indicative of future performance. Black Swan Capital newsletter services are strictly informational publications and do not provide individual, customized investment advice. The money you allocate to futures or forex should be strictly the money you can afford to risk.
Comments
Log in or sign up to join the conversation.