Hi, according to the chart, we can notice that the price has triggered a powerful bounce on the support line daily. This means that the price could continue the reversal trend at least until the first downtrend line as seen on the chart. Then a breakout of the trend line could be an option to reach the top downtrend line. The strategy will be invalidated if the price goes below the support line daily.
Hope it helps.
Hope it helps.
Note
The NZD was really the best configuration this week. Really easy to anticipate the move with a minimum risk. Perfect.
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My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
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.