TomFX13

Falling trend line broken, more upside expected

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
58 0 0
More upside expected, however, no trade should be taken for now although the falling trend line is confirmed broken with a daily close upside the trend line , as price is currently testing previous swing high (Daily Resistance Level ) it is not wise to take a long entry considering the SL requirement would be larger. Long entry will be taken if the price pullbacks into the confluence zone together with Candlestick a.k.a Price Action setup.
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