NZDUSD creating a new IMPULSE
Hello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
Trade active
Trade closed: target reached
Note
Take profit 2 also reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.