NZD/USD LONG
NZDUSD - Long
Looking at a nice trend continuation on NZD/USD going into next week. Weekly candle close above the key level of 0.60500 is a great indication of the bullish week to come. Price is currently its highest in 3 months. Daily closed as a doji, showing indecision. This means I expect price to pullback to retest the key level zone of 0.60500 region, before a strong upside push. 4 hour shows my execution plan if the confirmations line up. A pullback to retest the shown trendline, alongside some lower timeframe rejection on a fib level would be enough for me to enter a long on this pair.
Looking at a nice trend continuation on NZD/USD going into next week. Weekly candle close above the key level of 0.60500 is a great indication of the bullish week to come. Price is currently its highest in 3 months. Daily closed as a doji, showing indecision. This means I expect price to pullback to retest the key level zone of 0.60500 region, before a strong upside push. 4 hour shows my execution plan if the confirmations line up. A pullback to retest the shown trendline, alongside some lower timeframe rejection on a fib level would be enough for me to enter a long on this pair.
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