NZDUSD Conditions for a buy
NZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom.
There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry.
Trading Plan:
1. Buy if the price closes over the MA50 (4H).
2. Buy when the MACD (1d) completes a Buy Cross.
Targets:
1. 0.62150 (Fibonacci 0.618) in both cases.
Tips:
1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry.
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There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry.
Trading Plan:
1. Buy if the price closes over the MA50 (4H).
2. Buy when the MACD (1d) completes a Buy Cross.
Targets:
1. 0.62150 (Fibonacci 0.618) in both cases.
Tips:
1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry.
Please like, follow and comment!!
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