NZDUSD - long if trendline is penetrated!

NZDUSD was expected yesterday to get down at least to the support level and I delayed posting this opportunity until it reaches this support.


Now the prices is expected to bounce back from this support level toward the upper resistance level.

Wait the market to penetrate the trendline.



Of course as an alternative scenario, if the market break the support level we would short the market and only then I'll update this idea.

Good luck and to be updated....

Comment:

The market can't keep bullish momentum above the trendline, so we would turn into the alternative scenario :

Comment:

wait for market to fully close below the support to consider it valid alternative scenario.