Analysis of #NZDUSD
The NZDUSD is not in an uptrend against the dollar and we can expect this trend to continue in the short term, that is why I am looking for a buy entry here.
as you can see on my chart we have clearly defined trendline support and trendline resistance which has been tested many times before.
if the market comes and tests my trendline support I will drop a one-time frame and look for a valid response to get a buy trade, for example, double, bottom, head, and shoulder pattern, or harmonic pattern to use as a reason to buy the market
Thanks for your continued support!
The NZDUSD is not in an uptrend against the dollar and we can expect this trend to continue in the short term, that is why I am looking for a buy entry here.
as you can see on my chart we have clearly defined trendline support and trendline resistance which has been tested many times before.
if the market comes and tests my trendline support I will drop a one-time frame and look for a valid response to get a buy trade, for example, double, bottom, head, and shoulder pattern, or harmonic pattern to use as a reason to buy the market
Thanks for your continued support!
