NZD/USD has broken areas of resistance on the daily chart.
We also see an invers head and shoulders on the weekly chart, signifying a bullish take over.
Price broke and retested the major support at 0.68700, and we should only sell once this level is broken.
Price is now forming what appears to be a bullish continuation pattern.
We should look for out first entries at the supporting trendline when market structure signifies bullish continuations, targets at the resistance above.
Second entries when the bugger resistance above is broken
NZDUSD
We also see an invers head and shoulders on the weekly chart, signifying a bullish take over.
Price broke and retested the major support at 0.68700, and we should only sell once this level is broken.
Price is now forming what appears to be a bullish continuation pattern.
We should look for out first entries at the supporting trendline when market structure signifies bullish continuations, targets at the resistance above.
Second entries when the bugger resistance above is broken
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.