NZDUSD After a false break of the 0.685 weekly support level, price formed a bullish pin bar at the key weekly level. This is a sign of strength at a level where bulls have been looking to buy.
Entry price: 0.685 Stop Loss: 0.667 Take profit: 0.734
I will also be looking to add on my buys on key levels on the daily and H4 time frames.
Note
Risk averse traders can look to enter this trade at 0.676 to reduce their risk and add on to their reward.
Trade active
Risk averse Entry price: 0.676 stop loss: 0.667 Take profit: 0.734 This trade might take a couple of weeks to reach profit target. Be patient with it.
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