NZDUSD- Long Opportunity on the bounce of the Trend line!
-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.
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