the5erstrading

Swing Analysis NZDUSD 28/05/18

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The NZDUSD is after a bearish momentum,

After that recent downtrend, I'll prefer to wait for reversal signal,

The resistance zone it's the sign of the momentum change, if the price

Will brake out this resistance it indicates the price tends to reach the supply

Above, therefore, in that case, I'll look for P"A setup of buy position and my 

Target will be the supply above,

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