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TheGiovannie

Time to buy NZDUSD, USD Weakens

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
TheGiovannie Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Support and Resistance Candlestick Analysis buy NZDUSD nzdusdlong Trend Line Break retest
6
1
trendanalysis supportandresistance candlestick buy nzdusd nzdusdlong trendlinebreak retest
We are seeing a strong bull run as it broke through resistance now turned support. We just want to see a nice pullback and retest to enter. It is currently overbought on the hourly so we want to wait before we enter because we don’t want to be stopped out. It’s better to wait than to chase. Right now we are seeing a slight consolidation in the lower time frame because price is reacting to the big spike in news that occurred this morning.
snapshot
Trade closed: stop reached:
46 pip loss
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