At the beginning of a nice up trend channel, with a support of MA and SMA showing strong uptrend! Moreover, we have Divergence on RSI (Green trend line and green Arrow line) showing bullish swing occurring. Secondly, RSI level is near of breaking 30 level to upside, also confirming uptrend! Finally, we have retested and confirmed support level @ 0.85871. SL:TP (1:2) Have a nice trading week,
V.
Comments
MesbahRubel
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wait n see could be bearish
VukmanManic
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Thanks for a comment MesbahRubel. It could be of course, but that's the market! We have own ideas and analysis where the markets will go. I would love if you can just replay maybe your analysis of NZD/USD or thoughts( in purpose of constructive sharing ideas ;) ).
All the best Mesbah,
V.