NZDUSD
Price bounced from the trendline. creating possibility for a new bullish setup.
Going to 1hr timeframe we can see a bullish engulsing pattern that will be our confirmation for entry + as other confluences we have the 21 EMA(1h) acting as support. Now the price is on the level of the new 0.38 fib, if it manage to keep this level there is a high probability for this setup breaking the new resistance. Always trade 2 - 5 % per trade. Good luck everyone!
Going to 1hr timeframe we can see a bullish engulsing pattern that will be our confirmation for entry + as other confluences we have the 21 EMA(1h) acting as support. Now the price is on the level of the new 0.38 fib, if it manage to keep this level there is a high probability for this setup breaking the new resistance. Always trade 2 - 5 % per trade. Good luck everyone!
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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.