NZDUSD Long
4H TF
Fundamentals suggest both currencies are bearish but there is a continuation of an uptrend
Fundamentals suggest bearish trend
Mon 3pm USD industry expansion forecast positive
By Wed 3pm USD showing more industry expansion.
Fri 1.30pm USD NFP
1) 3rd touch of trendline already
2) EMA only respecting on 8H TF
3) psych level with prev support
4) Ascending triangle
5) recent structure HH LL is bearish
6) look for candlestick rejection
Approach with extreme caution
Fundamentals suggest both currencies are bearish but there is a continuation of an uptrend
Fundamentals suggest bearish trend
Mon 3pm USD industry expansion forecast positive
By Wed 3pm USD showing more industry expansion.
Fri 1.30pm USD NFP
1) 3rd touch of trendline already
2) EMA only respecting on 8H TF
3) psych level with prev support
4) Ascending triangle
5) recent structure HH LL is bearish
6) look for candlestick rejection
Approach with extreme caution
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