Friday 20 March 2009

No Break for Kiwi

Yesterdays trade was left open as a swing trade, to take advantage of a potential breakout of NZDUSD through the 5600 level. If the breakout was successful, the target for the move would have been an additional 300 pips to 5900. However, it was a quiet day and the currency pair found resistance at 5625. I've closed the trade this evening at 5600, making the trade worth 165 pips, against an initial risk of 45 pips.

No comments:

Post a Comment