Contra Sell in Kiwi/USD

I am currently looking at Kiwi/USD (Nzd/Usd) and we can see that the trend is very strong but I think the buyers could pause here for a while which can give us a scalp trade as we have few resistance seen between 0.7235/45 area which is where its currently trading.A quick sell (contrarian approach) is advised here with SL above 0.7275 (30 pips) to grab a few quick pips intra day.I shall post here what happened to this trade once its closed.Stay Tuned and Trade Safe

Disclaimer :- Trading is not for the light hearted , Trading these instruments involves high level of risk and losses can exceed capital (depending on your FX Broker).My advises should be used as a medium to learn and not as a medium to get RICH.I dont have any formula for anyone to get RICH. I shall share no responsibility for anyone's profit or losses.Once again Trading is not for everyone.


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