Potentially desirable opportunity here to secure a very solid amount of pips with minimal risk on GBP/NZD. The New Zealand Dollar has been showing significant strength recently, I have managed to secure quite a lot of pips from longing it and my intention is to do the same here. Will be interesting to see how this one pans out. I intend on holding throughout the week.
Low-risk longs on NZD/CHF. Heaps of strong support allow us to have a very tight SL to lower the risk considerably, risking around just 20 pips. We have a very desirable setup here, if all goes to plan. I will be looking to take partial profit at the first resistance level if we see price fail to break. My first target is 0.64800 and once this has been achieved,...
Minimal-risk longs on AUD/JPY. Zooming out on the higher timeframes of this pair shows us that we are in a fairly blatant uptrend overall, vast amounts of rejection to the downside also give us that confidence for longing. We are risking roughly 20 pips once again and our final target is 85.000. I'm fairly confident about this setup, let's see where it goes!
Short-term sell on AUD/NZD. SL just above supply zone, TP placed just above demand zone. Risking just under 20 pips.