NZDUSD Firstly, it retrace demand area for daily TF and possible doing an uptrend in weekly TF. It also showing bullish flag in weekly TF
Second was, in smaller TF it create demand area for H1 and thus break the resistance in M30.
The formation of QML in M30.
So from my observation it is possible for it to reach nearest daily resistance. that's all from me for NZDUSD. make sure to do your own analysis too.
Trade active
Almost hit my SL lol. GO2 mr.bullishTrade closed: stop reached
Setup Fail. Might focus on shorting opportunity from now on for NZDUSD
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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.