justatrader
Long

NZDUSD Could test 0.7175

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Trying to simplify trading and keeping it clean.

1. Price was trending lower in a falling equidistant channel. Support/Resistance identified at 0.7239 - 0.7175
2. To current lows, strong divergence to the AO
3. Y'day price was a doji so a possible bullish close today could further strengthen the bullish bias
---------------------
Trigger: Waiting for the AO to either cross the 0-line OR waiting for a classic saucer buy signal to initiate the trade. Initial stops at recent lows.
Risk: Initial risk at minor identified resistance of 0.6684. If this is cleared, then the trade should be quite a profitable one.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out