bullish on nzdusd waiting on a confirmation
nzdusd is exhausted for its long run downward , look for a buy back , still waiting for a price action trigger to enter the trade
reasons of entry :
1- nzdusd reached a strong resistance area ( daily in yellow and weekly in red )
2- divergence on the daily ( in black)
3- broke of h4 trend line ( in blue)
4- still waiting on a price action trigger to enter the long trade ( engulfing or a bullish doji )
5- no mans land area ( in purple )
good luck guys:D
reasons of entry :
1- nzdusd reached a strong resistance area ( daily in yellow and weekly in red )
2- divergence on the daily ( in black)
3- broke of h4 trend line ( in blue)
4- still waiting on a price action trigger to enter the long trade ( engulfing or a bullish doji )
5- no mans land area ( in purple )
good luck guys:D
Note
if the daily candle stay like this ( engulfing ) , then here i will enter the long trade
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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.
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.