NZDUSD BUY ENTRY
Our analysis sees NZDUSD heading back up towards the top of the current flag pattern.
There is a perfect opportunity now for an entry point, with the 4h candlesticks looking to form a reversal pattern from the small bounce off the 200 MA.
Viable trades:
Enter long, TP at 200 MA.
Enter long, TP at next trendline.
SLs below the local low or flag trendline.
There is a perfect opportunity now for an entry point, with the 4h candlesticks looking to form a reversal pattern from the small bounce off the 200 MA.
Viable trades:
Enter long, TP at 200 MA.
Enter long, TP at next trendline.
SLs below the local low or flag trendline.
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.