New breakouts in Forex market

JimTatus said:

Hi,

Today, there is a news is NZD/USD breakout. Because the percentage of wage increased when compared to previous year. So there is a news release as NZD/USD breakout. I have a doubt whether it is a uptrend or downtrend.

I made a trade there with SELL position. But there is a slow market movement. Will it achieve the target

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gerryg said:

It was a random trade bro. :| try to always buy on sell on pullbacks. For example if currency dropped 1 or more percent daily then its likely to rebound next day. Plain and simple strategy.

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