potential buy idea NZDUSD
A potential buying opportunity is emerging as the price breaks out of a descending trendline, fueled by a successful test of daily support and a bullish divergence on the 4-hour chart. The price has been creating higher highs, indicating a shift in momentum.
Key levels to watch:
1. Retest of the broken trendline for a potential long entry.
2. Break and retest of the 4-hour order block above, offering a secondary buying opportunity.
PS: This analysis is for educational purposes only and should not be considered financial advice. Always practice good risk management.
Key levels to watch:
1. Retest of the broken trendline for a potential long entry.
2. Break and retest of the 4-hour order block above, offering a secondary buying opportunity.
PS: This analysis is for educational purposes only and should not be considered financial advice. Always practice good risk management.
Trade active
Note
I have locked in partial profits here and adjusted stop loss
- Taking some profit off the table and move stop loss to break even
Securing a risk-free trade while still riding the potential uptrend.
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