NZDUSD - Triple Bottom Long Opportunity

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Greetings Traders!

This week started off relatively quiet, not a whole lot of movement but we as traders know that kind of lull never lasts. Thursday's trading session picked up in volume and price action and once again we are beginning to see new price action.

This is a very quick trade down to the 1 hour or 4 hour chart on NZDUSD             , .6500 if you haven't seen it already has shown itself to be a substantial level of support.

Entry at Market .64540
Stop Loss .6495 - Tight stop
Target Profit .6675

Alternatively you can look for manual entries along the blue trend line , wait for a break and price to come back for a re-test.

Should .65000 level fail as a can also look for a selling opportunity on a retest of the .65000 level.

Please do your own analysis before entering a trade. Feel free to ask questions, comment, "like" or follow.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out