New Zealand Dollar/U.S. DollarFXCM
Description
⋅ Pros
- Above a resistance level.
- Resistance level tested 4th times.
- Divergences on DXY.
- Divergences on h4 timeframe.
Cons
- Strong dollar.
- The strong of the last bearish impusle.
Stratregy
- Buy a half at a market price, and the other half when the HCH is complete.
- I prefer to put the take profit at the pivot point 0.7170-0.72(correction of 38.2%) instead of the top of the channel.