NZDUSD ANALYSIS- Decision point
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Hello traders!
Here are my thoughts on NZD/USD.
NZDUSD came to a decision point. As you can see on the weekly, price has been in strong uptrend creating H's and L's. We had a huge rejection with long wick either, rejecting buyers.
On the daily we came to a decision point, where price is coming to support and TL. If we see a confirmation, we will enter long trade, but if support and TL will be broken, I will enter short position.
📈📉Trends:
⏳ Weekly- bullish
⌛️ Daily- bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Hello traders!
Here are my thoughts on NZD/USD.
NZDUSD came to a decision point. As you can see on the weekly, price has been in strong uptrend creating H's and L's. We had a huge rejection with long wick either, rejecting buyers.
On the daily we came to a decision point, where price is coming to support and TL. If we see a confirmation, we will enter long trade, but if support and TL will be broken, I will enter short position.
📈📉Trends:
⏳ Weekly- bullish
⌛️ Daily- bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
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