NZDUSD: Trading Plan Ahead of CPI 🇳🇿🇺🇸
Updated
https://www.tradingview.com/x/ZyXG77Zc/
NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.
After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.
A bullish movement will be anticipated at least to 0.5899
Alternatively, a bearish violation of a blue support will invalidate the setup.
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NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.
After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.
A bullish movement will be anticipated at least to 0.5899
Alternatively, a bearish violation of a blue support will invalidate the setup.
❤️Please, support my work with like, thank you!❤️
Trade closed: target reached
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