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InkyGrip
Apr 14, 2023 6:49 AM

NZDUSD 4h analysis 🦐 

New Zealand Dollar / U.S. DollarFOREX.com

Description

NZDUSD on the 4h chart after the test of the 0.63750 area retraced to the 0.618 fibonacci level over a support zone.
The price from there started an impulse to the 0.63200 area and is currently testing a 4h resistance.

How can i approach this scenario?

I will wait for a potential break of the area and if that happen i will monitor the market for a nice long order according to the Plancton's strategy rules.
Comments
TradingBrokersView
Strong setup. Thanks for sharing.
InkyGrip
@TradingBrokersView, appreciate it
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