- Closed above a key level (indicating a good level of support). - Recently created a HIGHER LOW. - Dragonfly & Bullish Engulfing formed over the last few days. - 20 EMA just below price.
(High impact AUD news tomorrow may have close correlation with NZD price action)
Trade active
⋅
We've experienced some bullish pressure over night and price action is looking set to go long!
Should be a decent trade this one!
Trade closed: stop reached
⋅
Stop loss hit for -37 pips ❌❌
The news from AUD had a knock on effect for NZD, as I suspected. We got taken out of this trade due to this, but we are now slowly starting to climb our way back up - this could be a good trade to take next week!