Most traders spend a lot of time feeling perplexed during the news but we really do not need be. Its still a matter of buying or selling isnt it? The Spike of news releases usually don't linger for more than 30minutes after which traders can go about their normal business of buying and selling, analyzing the charts again. Price Action technique allows you to do just that, since all you are concerned with are a few price Action patterns.
The NZDUSD has given off a significant price action trade setup just after the news release and in line with the recent bearish trend, we have a Hidden Fakey with Pin Price action Setup. The trade room is short now on this pair as we aim for about 1:2 risk reward.
The NZDUSD has given off a significant price action trade setup just after the news release and in line with the recent bearish trend, we have a Hidden Fakey with Pin Price action Setup. The trade room is short now on this pair as we aim for about 1:2 risk reward.
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