New Zealand Dollar - Timing a long

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I will explain in this chart how I am planning a long trade for the NZD.

Starting off with the weekly chart, I see a decline to value in NZDUSD             , right to the psychological level of 0.7. The Force Index is oversold in an uptrend, this is the time to buy.

Going on to the daily chart , I can see a double bottom formation in a bigger H&S formation. When H&S do not break below the neckline, they are bullish formations. Note that a strong close today will form a bullish divergence on the MACD .

The 4H chart shows a class A bullish divergence both on the MACD lines and histogram. I've been waiting all day on Friday for a close above 0.703 to signal the entry, without any luck. Today though, it finally happens.

I have been long this pair for a couple of weeks now, I added on my position on this close on the 4H chart, and I will add at the end of the day if I see a strong close. Soft stop as always below the swing low at 0.70. As for targets, well for starters I would say 0.75.

Keep in mind that the dollar index             is probably in the midst of a major false breakout above 100, a historically important level.
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