NZDUSD Although NZDUSD has been behaving oddly recently, I believe there is a great setup forming here. Last week, price action traders probably were misled by a Daily pin bar. I believe that what we are looking now might be a possible new NZDUSD interim bottom. The price did not go lower and has been on the rise since then. The daily candle from Friday is a long-legged doji, which usually shows indecision. Today’s candle is most likely going to be a bullish candle. This hypothesis should be confirmed by a daily close. My approach: I will be looking for a small retracement (after daily close) if I am going to enter in a long trade. A good level for a long entry would be 0.6865. A good level for a stop-loss would be just below 0.6815. My first target is the level of 0.7050. As you can see from the screenshot above, the next resistance level (take profit zone) is the level of 0.7350. Guest post by: www.colibritrader.com Guest Guest View All Post By Guest MinorsNZD/USD Forecast share Read Next Brexit bites the BOE, volatility evaporates – MM #144 Yohay Elam 6 years NZDUSD Although NZDUSD has been behaving oddly recently, I believe there is a great setup forming here. Last week, price action traders probably were misled by a Daily pin bar. I believe that what we are looking now might be a possible new NZDUSD interim bottom. The price did not go lower and has been on the rise since then. The daily candle from Friday is a long-legged doji, which usually shows indecision. Today's candle is most likely going to be a bullish candle. This hypothesis should be confirmed by a daily close. My approach: I will be looking for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
