NZDUSD- Long Opportunity on the bounce of the Trend line!
Updated
-Very good buy setup on the bounce of the ascending trend line.
-Looking for price to potentially hit TP levels of: 0.65018, 0.65688 and 0.66209.
-A confluence which suggests that price has a higher probability to move to the upside is that the supply zone is in line with 23.6% fib level. This means that price could react around the 23.6% zone well which gives me confidence that bulls will take control of this pair.
-Another confluence is the 50EMA is below price which shows that this pair is in a bullish trend and should look for long opportunities only.
-Looking for a breakout the supply zone and retrace back to the zone to enter a long position.
-Wait for a strong bullish confirmation to enter a buy on this pair.
Let's see what happens during the week!
Make sure to follow, like and comment your ideas/opinions on this pair.
-Looking for price to potentially hit TP levels of: 0.65018, 0.65688 and 0.66209.
-A confluence which suggests that price has a higher probability to move to the upside is that the supply zone is in line with 23.6% fib level. This means that price could react around the 23.6% zone well which gives me confidence that bulls will take control of this pair.
-Another confluence is the 50EMA is below price which shows that this pair is in a bullish trend and should look for long opportunities only.
-Looking for a breakout the supply zone and retrace back to the zone to enter a long position.
-Wait for a strong bullish confirmation to enter a buy on this pair.
Let's see what happens during the week!
Make sure to follow, like and comment your ideas/opinions on this pair.
Order cancelled
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.