Im gonna keep this short ( I mean Long LOL ) ,
If you piece together fundamentals with technical analysis this will be the key to consistency , this here is very important to understand we are long term bullish on this carry pair .
RBNZ have implemented QE and been mega dovish with they're comments and the NZD has responded. The charts here are just dreamy , we have entered @ 2.0385 so long as this closes above the Weekly T/L support on the daily candle today then off we go , if your more cautious there's nothing wrong with waiting for the close today either. As you can see on the daily's we have broken out of the downward T/L and hit a decent price zone support level marked in blue.
Also not forgetting next week will see a series of important GBP data due out over the coming days , now remember so long as its not a shocker this should push this higher on its way...
This should take about 30 - 45 days for this to play out.
Trade rating - 9
Enjoy :)
If you piece together fundamentals with technical analysis this will be the key to consistency , this here is very important to understand we are long term bullish on this carry pair .
RBNZ have implemented QE and been mega dovish with they're comments and the NZD has responded. The charts here are just dreamy , we have entered @ 2.0385 so long as this closes above the Weekly T/L support on the daily candle today then off we go , if your more cautious there's nothing wrong with waiting for the close today either. As you can see on the daily's we have broken out of the downward T/L and hit a decent price zone support level marked in blue.
Also not forgetting next week will see a series of important GBP data due out over the coming days , now remember so long as its not a shocker this should push this higher on its way...
This should take about 30 - 45 days for this to play out.
Trade rating - 9
Enjoy :)
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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.