NZD/USD - Potential Buy at Reentry MHV H1

Jan 19, 2021

Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction where the market go. TAYOR.

Potential Buy
Entry point: Reentry MHV 0.71051
Cutloss : When CS able to close and break Low BB as Momentum Sell.

Jan 19, 2021

Note

Deduction : The reentry zone is actually reentry buy after CSM. It has good CS Reject MA Low 5&10 but was beaten by a closed strong Bearish CS. At the same time it able to break mid bb. Since it break mid bb i guess the price would look for Reentry MHV. So i just set PO Buy at MHV as entry point. And will cutloss if there any strong Bearish CS able to close Low BB. Good luck.

Jan 20, 2021

Trade active

Hit TP 2 44pips. Can take profit now of hold set Break Even until price reach TP 3.

Jan 20, 2021

Trade closed: target reached

Hit TP 3 65pips. Those who hold set BE.