NZD Up Trend Beginning?
Here are my ideas for a possible up trend beginning in the Kiwi. Looking to ascertain whether we are moving into a larger up trend or a correction. Will need to hold the position through the RBNZ decision on Wednesday.
Looking for a break above Target Level 1 to give confidence Up trend is intact. If that happens (If Then), looking at holding the position to target level 2 backed by a Fib cluster at SR.
Will re evaluate at that point.
Length of trade 6-8 weeks.
Looking for a break above Target Level 1 to give confidence Up trend is intact. If that happens (If Then), looking at holding the position to target level 2 backed by a Fib cluster at SR.
Will re evaluate at that point.
Length of trade 6-8 weeks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.