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mybetkay

NZDUSD Trade Idea

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
mybetkay Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis NZDUSD nzdusdlong nzdusdtrade nzdusdbreakout priceaction breakout
3
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trendanalysis nzdusd nzdusdlong nzdusdtrade nzdusdbreakout priceaction breakout
Possible long opportunity for NDUSD.
Possible TP line:
TP 1: 0.75645
TP 2: 0.76294
TP 3: 0.76640 (Next level of daily structure/resistance)

Exercise caution please
Comment:
No clear break yet but still on the right path. We're now seated on the 50% fib level
Comment:
About to test the low ascending trend line
Comment:
We've bounced off the lower ascending trendline.....waiting for the break and close of the upper descending trendline before going long. Patience is all we need
Comment:
Looks like price actions wants to create a double bottom, but lets wait to confirm that first...Analysis still on point.

If price goes lower than the previous support structure then we'll have to adjust the analysis
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