NZDUSD - (Bullish) Potential Bullish Reaction
NZDUSD: Testing a Key Support Level with Potential for Bullish Accumulation
Order Block (0.5580 - 0.5620): This zone has historically acted as a strong support level, suggesting potential bullish accumulation in the current price action.
Nadaraya Watson Signal: Indicates possible momentum for a bullish reversal, further reinforcing the likelihood of upward movement.
Suggested Trade Setup:
Entry (Buy): 0.5620
Take Profit 1 (TP1): 0.5800
Take Profit 2 (TP2): 0.6000
Stop Loss (SL): ~ 0.5550
Order Block (0.5580 - 0.5620): This zone has historically acted as a strong support level, suggesting potential bullish accumulation in the current price action.
Nadaraya Watson Signal: Indicates possible momentum for a bullish reversal, further reinforcing the likelihood of upward movement.
Suggested Trade Setup:
Entry (Buy): 0.5620
Take Profit 1 (TP1): 0.5800
Take Profit 2 (TP2): 0.6000
Stop Loss (SL): ~ 0.5550
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.