NZDUSD Trade Idea
In yesterday's analysis, I discussed about the long opportunity if price rejects after some pullback for a break & re-test setup, which was exactly what the market performed. Currently, as the market is slightly over-extended with a bottom trendline forming, will be looking for short-term selling opportunities if there's a second rejection at 0.7310 zone (yesterday's high) back to re-test 0.7259 support zone before further bullish continuation. However, if price breaks above 0.7310 resistance zone, we could have some short-term long opportunities with a break & re-test setup.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
Check out my new post on 'Why should you avoid news scalping' in my profile if you're interested.
Note
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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.