I'm looking at going long on NZD / USD this week if my entry point is reached.
We can see a gap to fill on 27th february and we are currently in a strong support zone which gives this pair a good chance of bouncing off this support as it has done in the past many times.
I expect the pair to move down first towards my entry at 0.60679, this entry price is a premium entry price and has very low risk based on the 4H timeframe.
Entry : 0.60679
Stop Loss : 0.60601
Take Profit : 0.61472
We can see a gap to fill on 27th february and we are currently in a strong support zone which gives this pair a good chance of bouncing off this support as it has done in the past many times.
I expect the pair to move down first towards my entry at 0.60679, this entry price is a premium entry price and has very low risk based on the 4H timeframe.
Entry : 0.60679
Stop Loss : 0.60601
Take Profit : 0.61472
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.