Symbol - NZDUSD
NZDUSD is currently trading at 0.59450
I'm seeing a trading opportunity on buy side.
Buying NZDUSD pair at CMP 0.59450
I will be adding more if 0.58850 comes & will hold with SL of 0.58400
Targets I'm expecting are 0.60700 - 0.61400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my...
My Technical Analysis
1. Bullish on weekly timeframe.
2. Broke down trendline on daily tf, hence buy bias.
3. Supported by the 50 EMA on 4h tf.
4. Nicely Rejected by the previous higher high and wick is near the 50 period ema on 1H tf.
5. Trendline break on 5min tf with a bullish engulfing candle.
RISK REWARD RATIO - 1 : 6.66
Guys, I just wanna say that...
