NZD/USD LONG with a SHORT SAFETY
Entry 0.73000
Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R.
A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement.
The possibility of the current bullish movement correcting after its break of weekly trendline resistance isn't that strong after it already retested the resistance but best to be safe and so a short has been set up with an entry on the re-enter of the weekly downtrend and targets set by the monthly trendline support 0.70000
Review, comment & like and enjoy.
Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R.
A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement.
The possibility of the current bullish movement correcting after its break of weekly trendline resistance isn't that strong after it already retested the resistance but best to be safe and so a short has been set up with an entry on the re-enter of the weekly downtrend and targets set by the monthly trendline support 0.70000
Review, comment & like and enjoy.
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