NZDUSD
After a false break of the 0.685 weekly support level, price formed a bullish pin bar at the key weekly level.
This is a sign of strength at a level where bulls have been looking to buy.
Entry price: 0.685
Stop Loss: 0.667
Take profit: 0.734
I will also be looking to add on my buys on key levels on the daily and H4 time frames.
Comment:
Risk averse traders can look to enter this trade at 0.676 to reduce their risk and add on to their reward.
Trade active:
Risk averse Entry price: 0.676
stop loss: 0.667
Take profit: 0.734
This trade might take a couple of weeks to reach profit target.
Be patient with it.
stop loss: 0.667
Take profit: 0.734
This trade might take a couple of weeks to reach profit target.
Be patient with it.
