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Re: Average Daily Range Trading

JADragon3, Thu Aug 24, 2017 7:22 am

NZDUSD - Since NZD closed at the bottom of its moving average range and weekly range , the signal would be a retest of the low. We didn't get that hard of a move out of the lower daily moving average range so , I am thinking we won't get too much consolidation before a move back towards the middle of the range. If it consolidates around the bottom channel of the stretch , I would like to look for a buy with a reasonable stop loss. I'm not sure where to expect a target price as of yet. Possibly a 2 day target price if we don't get stopped out. ( 1st target area - .7244 - 49 ? )
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