NZDUSD: Multi Time Frame Analysis & Trading Plan
Morning guys!
NZDUSD is coiling on a rising trendline on 4H.
on 1H we see a formation of the ascending triangle with a sequence of higher lows and minor horizontal resistance.
to wisely catch a pullback from a trendline, focus on 0.598 resistance!
being broken to the upside (1H candle close above), it will give us a perfect opportunity to buy the pair.
target levels: 0.604/0.607
in case of a bearish violation of a trendline, bias will switch to bearish!
good luck!
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