Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair: NZD/USD
⚪Technical Analysis: Since the end of December 2020, the price has been following a huge rising wedge pattern bouncing many times on its dynamic lines. A strong bullish impulse on its trendline during the 5th of February 2021, moved the price up to its next dynamic line, ending its rejection on the support level at about 0.71800. The price is curently re-testing the same level and there is possibility to see a new upcoming bullish impulse.
🔴Conclusion: In the daily chart I can see the price consolidating after an interesting uptrend. I'm confident to see the price moving up until its dynamic pattern's line and I'll be waiting for the next few sessions before planning my long trade on this position.
Stay tuned for Updates and Trading Signals! What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️