fxtraderkristina

NZDUSD - LONG trade setup ๐Ÿš€

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello everyone ๐Ÿ™‚ NZD is gaining bullish momentum in the market since the hedge funds increased their buying power. On the daily time frame, we have a nice MA 20/50 break with a bullish engulfing candlestick closure, and the 1-hour is trending above all the moving averages and the 4-hour is making a new high, which confirms bullish bias. There is no high-impact, high-volatility news today, so the trade should move steadily to the upside.

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