gio_pasquale
Long

GREAT NZDUSD Buy Opportunity

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Possible buy coming up on the kiwi dollar. I would like to see this minor bear trend we are in continue down into the buy zone

IF PRICE REACHES THE BUY ZONE

I will look for bullish divergence , i will look for a bullish candle pattern.

Even though it is not an "ideal cypher" it's completion is at 618 Fib of the bigger move which means we could see a lot of buyers stepping in there.

The dollar is also looking weak which coincides with this idea.

But first we need to reach the buy zone.

This could be a good risk to return trade, possible 10:1 here. but first things first, we need the buy zone.

if price breaks the minor trend before the zone,

I will connect the low's to create a bullish trendline and I would like to see a h&s complete before entering, I will ride that h&s up to the green take profit zone
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