NzdUsd Trade Idea
With NU being in a range we could expect price to respect the level its currently at like it has before. Longs are possible here if price goes bullish on this retest. Market structure shows price being bearish up until it tapped the support level. We currently have price breaking those structures. A bullish engulfing candle would confirm longs. If all goes well I'll be looking for a 1:3rr.
Trade active
Just went long on NU
Entry: 0.56010
Sl: 0.55896
Tp: 0.56360
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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.