Good Afternoon,
Expecting price action via NZD/USD to bounce off trend line. Confirmation leading to this analysis; close proximity to strong support level and trend line, as well as confluence of candle stick patterns identified several times in the previous week (morning star). Look for price to close a little lower before initiating a long. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Expecting price action via NZD/USD to bounce off trend line. Confirmation leading to this analysis; close proximity to strong support level and trend line, as well as confluence of candle stick patterns identified several times in the previous week (morning star). Look for price to close a little lower before initiating a long. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely