NZDUSD Long
Timeframe: 4H
Pair is in a bullish market structure on the daily timeframe, after bouncing from a bullish fib zone + the 200 MA. Price on the 4H broke above a resistance zone and is now retesting that zone, which lines up with a bullish fib zone, however strong bearish momentum after FOMC news today, so taking a reduced position.
Pair is in a bullish market structure on the daily timeframe, after bouncing from a bullish fib zone + the 200 MA. Price on the 4H broke above a resistance zone and is now retesting that zone, which lines up with a bullish fib zone, however strong bearish momentum after FOMC news today, so taking a reduced position.
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.