Our analysis sees NZDUSD heading back up towards the top of the current flag pattern.
There is a perfect opportunity now for an entry point, with the 4h candlesticks looking to form a reversal pattern from the small bounce off the 200 MA.
Viable trades:
Enter long, TP at 200 MA.
Enter long, TP at next trendline.
SLs below the local low or flag trendline.
There is a perfect opportunity now for an entry point, with the 4h candlesticks looking to form a reversal pattern from the small bounce off the 200 MA.
Viable trades:
Enter long, TP at 200 MA.
Enter long, TP at next trendline.
SLs below the local low or flag trendline.
