mmrabea

NZDUSD - Long from a long past price levels!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Setup: Prices are nearing 2015 lows indicated with the two parallel horizontal white lines, we see signs of weakening bears as we approach these levels, signifying a possibility in a trend reversal. So, we set up a long entry at the edge of the H4 channel area coinciding with the 2015 lows, aiming initially at the first area of H4 resistance, with possibilities of extension as the up trend forms and a tight SL below the yearly low zone.
Sep 04
Trade active
Moved SL to 0.6336 area
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