NZDUSD... Study....Long with a nice Profits.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Is there any significant to tell there will a change takes place from down trend into up ones. The answer simply is YES....indeed ..but how?!!!

Let's start with indicators ,

1-Stoch. as shown has been reached the over bought area 2 times during 2 months(Oct 2015,DEC2015,Red Circles) .Is that means something..YES specially when we see the Stoch never reach this area since 6-2014 (over 18 months) which showing and means A strength and buyer power has takes a place.VERY Important.

2-MACD give a buy signal in Negative area and right now works and move to Positive ones which tell that the momentum and trend increase towards positive area ,sound is very good and that confirm the signal comes form Stoch Ind.

***** THE TREND*****
Is the most important thing. A bottom labeled with No.1,A Peak Labeled No.2 same time works as a conformation to go Long indeed. Higher low Labeled No3. Higher low is a good start signal to tell you that maybe the Trend will convert from Down trend to Up ones, all we need right now is a good Bar with a good volume violate The Labeled Top (No.2),

*My Opinion**
Buy indeed and increase the position after conformation occurred . Target 0.69613 and most important target at 0.7139. ,Stop Loss below the Bottom No.3 **GL**
Nice view, you do have points. But I would consider this only after confirmation, for now I remain a big angry bear on this one :P

here my view:

YR Piet.Hein
Hi, Thank you for your passing by.So nice. :)..Go long after conformation is Ok and wise enough ,however we learn buy early and short earlier and without confirmation). Piet plz don't be a big bear here my friend :),wait for rebound down as you mention in your nice work or wait for conformation to go long. So we are confuse here..right....but if we see weekly chart(as shown above) , then go to daily chart, which showing an uptrend move right now.....as well indicators like MACD , Stoch and others on daily chart showing increase of momentum in upward. So the probability for break up and change in trend from down to up is more clear. GL and merry Xmas.
Thanks, Merry Xmas!! Yes, again, you do have many points!! And actually I have to agree with you in many of then, maybe all! But Im already a bear on this one :p. Stop is enough to protect me if there is a spike, fail break and the a fall - currently at 0.6935. If really breaks I lose, ok, happens. If not, when testing the lower channel I should probably set the stop to break even and let a risk free trade :D
Piet.Hein Piet.Hein
then a fall**
YR Piet.Hein
Hello Piet....all i can say and wish good trade .just be careful :)
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