3nchev

NZD/USD , Development for Longs

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
62 0 3
No-man's land right now , Weekly support below , Immediate 4h resistance ahead. I will wait for clean direction first. From this right moment , market can go up to test the resistance and fall down , or market can go down first to test the support again , Wait for more price action and follow the market , Always !

For buys , we want more bullish conviction , maybe break above immediate resistance and then hold above it , or pullback from 4h resistance and go back above it , there is a lot of scenarios for every given pair. There are trades with 100 pips profit potential , there are trades with only 5 pips profit potention or Zero . Wait for more confirmation and just Follow.
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