NZDUSD: Long Trade Explained 🇳🇿🇺🇸
Updated
Hey traders,
NZDUSD is testing a strong trend line on a daily.
To catch a bullish movement from that, watch carefully 1H time frame.
The price formed a double bottom formation.
1.717 is a neckline.
Wait for its breakout (1H candle close above).
Then buy aggressively or on a retest.
Goals:
0.722
0.725
In case if the price sets a new lower low on hourly, the setup will be invalid.
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