NZDUSD
Price has broken back into long-term structure.
This shows that bears attempted to break price lower and got rejected.
Bulls moved price back into structure, indicating a bullish turn of momentum.
This is further backed up by price action on the 1D chart
This chart shows that the power bulls provided through two candles, takes the bears 5 candle closes to return.
This further shows the bulls strength in the market.
It's also quite clear that the current bearish push is a lot weaker than the prev one.
Well guys, thanks for reading through my analysis!
Be sure to keep an eye out!
Quick tip: every day is not a trading day, only trade high probability setups.
-TheFXAngel
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