Breaking News

NZD/USD Potential Upward Movement

NZD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.68279, 0.68460, 0.68677.

Key Support Levels: 0.67936, 0.67778, 0.67652.

1-Hr Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after a Wyckoff accumulation phase. This gave the power to the buyers to reverse the market and push it all the way up.

NZD/USD Medium-Term Trend: Bullish

5-Mins Time Frame:

On the lower time frame, the price was respecting the support trendline and started to post higher highs and lows showing that we are in a new trend to the upside. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 0.67927

TP 1 @ 0.68261

TP 2 @ 0.68460

Stop Loss @ 0.67760

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!