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VasilyTrader
May 13, 2021 7:09 AM

NZDUSD: Long Trade Explained 🇳🇿🇺🇸 Long

NZD/USDOANDA

Description



Hey traders,

NZDUSD is testing a strong trend line on a daily.

To catch a bullish movement from that, watch carefully 1H time frame.
The price formed a double bottom formation.
1.717 is a neckline.
Wait for its breakout (1H candle close above).
Then buy aggressively or on a retest.

Goals:
0.722
0.725

In case if the price sets a new lower low on hourly, the setup will be invalid.

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Comment

Check my new idea on BCHUSD:
Comments
YMGroup
Nice setup
VasilyTrader
@YMGroup, thank you buddy 😊
VasilyTrader
We are waiting for a neckline breakout, traders!
Only then we buy
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