NZD/USD (Always Expect the unexpected)

View On NZD/USD (8 May 2019)

Yesterday we had an AU rate and AU went up.
So, today many traders might have thought it will be THE SAME and end up buying NU positions prior to the NZD rate decision releases.

This is how the market gets you. It will swing down deliberately to eat these traders out.


Now we can see 0.652 as good support. I will wait there patiently.

You move, you lose.

Go get yourself a cigar.




DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.

Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".



Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.

DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.