Three possible scenarios, going LONG on NZDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
56 1 0
The price has finally reached a long-term trend and may bounce back. The three possible possible scenarios are:

  • Best scenario (green trend): The price bounces at the long-term trend and offers a 1:5 trade opportunity at the nearest resistance about 0.77.
  • Expected scenario (blue trend): The price bounces at the long-term trend and continues to rise steadily in a 1:2 trade opportunity.
  • Worst scenario (red trend): The price breaks the long-term trend and continues to go low.

Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.
Thanks for the analysis

Whats your take on the potential H&S Formation -
It has a confluence with the Divergence shown on the weekly chart - Take a look

ill add the forth scenario to your list
Price bounces off the currently important support/resistance zone & Fib level - Reaches the the .72300 Area - and dives to realize the divergence
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out