NZD/USD BUY 📈 Market Analysis - Buy Opportunity 📉
Pair: NZDUSD
📊 Technical Analysis:
Forming a rising wedge pattern on the 30-minute timeframe, NZDUSD has also reached the higher low area of the uptrend line in the 4-hour chart.
📉 Expectations:
Anticipate a re-test of key support levels, as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
