NZDSGD - Potential Long from Key Support Zone

Jan 28

NZDSGD is approaching a key support level that has previously acted as a strong demand zone, leading to bullish momentum. The recent decline into this area suggests a potential opportunity for buyers to step in and push prices higher.

A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would increase the likelihood of an upward move. If buyers regain control, the price may head toward the 0.76630 level. This setup indicates a potential short-term rebound within the broader market structure

This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.

Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.

Best of luck , TrendDiva

Jan 28

Trade active

Jan 28

Trade closed: target reached

Clean setup. 💅