NZDUSD LONG SETUP
NZDUSD price is technically in an UPTREND trading outside this ascending channel, and also taking out the highs from 2018 acting as resistance since 2018 @ 0.6950 zone.
We are now seeing rejection, following a DAILY PINBAR printed on Thursday, i will be looking at price action at the retest of the ascending channel resistance zone, also we've those 2018 high(s) to be retested for confirmation.
I'll be looking out for possible continuation of the UPTREND from that zone, with target at the next level of resistance @ 0.7450 zone, that will definitely be going into 2021.
We are now seeing rejection, following a DAILY PINBAR printed on Thursday, i will be looking at price action at the retest of the ascending channel resistance zone, also we've those 2018 high(s) to be retested for confirmation.
I'll be looking out for possible continuation of the UPTREND from that zone, with target at the next level of resistance @ 0.7450 zone, that will definitely be going into 2021.
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