As you can see NZD/USD is currently in a bullish channel on the daily time frame. Price is currently sitting at the 0.70000 level which is a key psychological support level and is in confluence with the bottom trend line of the channel. On the 4hr time frame price is currently respecting the counter trend line. A BRC of this counter trend line will give me my entry and price will be above the 200ema which is also bullish confluence. With a break of the channel to the downside I will expect price to move with lots of bearish momentum.