NZDUSD - LONGBullish Indications:
- Higher highs and higher lows
- Bullish hammer and engulfer candles formation
- Horizontal support at 0.68230
- Ascending channel
- Divergence on chaikin oscillator
Nzdsd
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.576.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.586.
TP4: R2=0.592.
Set the stoploss of these orders at breakout of S2=0.5735.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.5735.
In this situation, there is an expectation to reach the target S3=0.5615.
Set the stoploss of reverse orders at breakout of S1=0.576.
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NZDUSD POTENTIAL SHORT OPPORTUNITYLooking to sell this pair at the highlighted area.
This is a long term trade.
Look for entry Between Today and Tomorrow.
butterfly on nzdsdbuilding butterfly on NZDUSD.
D point confluences with a resistance and a divergenge is building.
