01-06-2019, 12:17 PM
NZDUSD weekly chart is showing a downtrend. NZDUSD daily chart is showing an uptrend. NZDUSD H4 chart is showing downtrend with the EMA55 below EMA21. So overall NZDUSD trend is down. We will have a retracement in the up direction before NZDUSD restarts the downtrend. As a day trade NZDUSD is an important pair. NZDUSD is one of the major pairs. Take a look at NZDUSD H4 chart:
![[Image: NZDUSD+H411.png]](https://www.doubledoji.com/go/NZDUSD+H411.png)
As you can see, the trend on NZDUSD H4 chart is down. Price has made a retracement in the up direction. Most probably the downtrend will continue when this retracement in the up direction will be over. As a day trader, our aim should be to make 50-100 pip per pair. Just trade 4-5 pairs and if we are able to make 50 pip per pair, we can make 200-250 pips daily. Automation is the name of the game now. Developing an EA that can implement our trading strategy can be a good idea.
When you trade NZDUSD, you should keep an eye on the New Zealand economy and on the US economy. New Zealand is a beautiful place to visit. It has many scenic places. So while you day trade NZDUSD, you can contemplate visiting New Zealand with the profit you make trading NZDUSD.
As you can see, the trend on NZDUSD H4 chart is down. Price has made a retracement in the up direction. Most probably the downtrend will continue when this retracement in the up direction will be over. As a day trader, our aim should be to make 50-100 pip per pair. Just trade 4-5 pairs and if we are able to make 50 pip per pair, we can make 200-250 pips daily. Automation is the name of the game now. Developing an EA that can implement our trading strategy can be a good idea.
When you trade NZDUSD, you should keep an eye on the New Zealand economy and on the US economy. New Zealand is a beautiful place to visit. It has many scenic places. So while you day trade NZDUSD, you can contemplate visiting New Zealand with the profit you make trading NZDUSD.