A buy setup on NZDUSD

Hey Trader,

I am looking to open a buy position on NZDUSD.

On a Daily TF, Kiwi just made a retest to the previous support zone, after a long bearish momentum forming a tight descending wedge all along the way.

Price broke above the upper band of the wedge and now making a fine turn back to retest an using the previous resistance as support (making the zone a MLoMS).

The entry confirmation would come to play after the break of the current current flag pattern. (Setting a pending order would suffice in this type of entry).

Keep Watching
Beyond Technical AnalysisChart PatternsNZDNZDUSDnzdusdlongsignaltradingsignalsTrend AnalysisUSD

Also on:

Disclaimer