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Filipo1
Jun 4, 2017 9:36 PM

NZDUSD: confirmed cloud bullish breakout.  Long

New Zealand Dollar/U.S. DollarFXCM

Description

Following weak Tenkan/Kijun cross below the Kumo price action broke out from the cloud, pulled back and retrace up again, same for Chikou span.
Please note the Tenkan sen is also above the cloud and very close to last candlesticks supporting the uptrend continuation.

Weekly on the brink of bullish breakout as well.
Comments
Jamal92
I am expecting a pullback first to 0.70500 levels before the rally on the upside. Nice setup btw!
Filipo1
Please also consider that Tenkan sen also stands above the cloud which makes the signal even stronger.
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