A buy setup on NZDUSD
Hey Trader,
I am looking to open a buy position on NZDUSD.
On a Daily TF, Kiwi just made a retest to the previous support zone, after a long bearish momentum forming a tight descending wedge all along the way.
Price broke above the upper band of the wedge and now making a fine turn back to retest an using the previous resistance as support (making the zone a MLoMS).
The entry confirmation would come to play after the break of the current current flag pattern. (Setting a pending order would suffice in this type of entry).
Keep Watching
I am looking to open a buy position on NZDUSD.
On a Daily TF, Kiwi just made a retest to the previous support zone, after a long bearish momentum forming a tight descending wedge all along the way.
Price broke above the upper band of the wedge and now making a fine turn back to retest an using the previous resistance as support (making the zone a MLoMS).
The entry confirmation would come to play after the break of the current current flag pattern. (Setting a pending order would suffice in this type of entry).
Keep Watching
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