NZDUSD: Long Trade Explained 🇳🇿🇺🇸
Hey traders,
NZDUSD is testing a strong trend line on a daily.
To catch a bullish movement from that, watch carefully 1H time frame.
The price formed a double bottom formation.
1.717 is a neckline.
Wait for its breakout (1H candle close above).
Then buy aggressively or on a retest.
Goals:
0.722
0.725
In case if the price sets a new lower low on hourly, the setup will be invalid.
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Related publications
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.