Here is a new POTENTIAL LONG signal on NZDUSD :
Entry, SL and TPs on .
I'm trying to make up a bit of education on my strategy as some traders asked me about.
Time frame analysis :
- Monthly : not on the chart above, but . Momentum is decreasing so we could interpret this as slowdown of PA.
- Weekly : Here we see with the blue curve along low TMS that we "may" be bottoming on the short term. If confirmed, then a pullback to upper range of BB/PAC is very much possible.
- Daily : Not much PA but TMS is nearing RSI50 that is a strong resistance, but in case this is broken we could see a big movement to the north.
- 4H : This is where it's getting interesting, all indicators are flattening (?) around RSI50 on TMS . That could lead us to think of bigger movement coming and end of consolidation.
This is not a signal just a few hints to explain why I'm looking at this pair, and why I would open a long if several criterias above are confirmed.
Trade with your own diligence,