Fed more likely to hike rates as economic data continues to strengthen

Earlier today, U.S. Core Durable Goods order rose by 1.0% beating the 0.2% growth expectations. Crude oil inventories continues to drop signalling in the ability to unload supply build-up.

NZDUSD already dropped 90~ pips on these two releases and we repeat the continued short trade setup.

screenshot-at-nov-24-00-25-14
NZDUSD 15-Minute

This trade is currently in progress as it tests another supply zone presenting a short term short opportunity. Standard setup with a 1.8 reward to risk ratio good for a quick scalp trade.

Advertisements

A Pip For Your Thought?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s