NZDUSD Long
Timeframe: 4H
Pair is in a bullish market structure on the daily timeframe, after bouncing from a bullish fib zone + the 200 MA. Price on the 4H broke above a resistance zone and is now retesting that zone, which lines up with a bullish fib zone, however strong bearish momentum after FOMC news today, so taking a reduced position.
Pair is in a bullish market structure on the daily timeframe, after bouncing from a bullish fib zone + the 200 MA. Price on the 4H broke above a resistance zone and is now retesting that zone, which lines up with a bullish fib zone, however strong bearish momentum after FOMC news today, so taking a reduced position.
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