NZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom.
There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry.
Trading Plan:
1. Buy if the price closes over the MA50 (4H).
2. Buy when the MACD (1d) completes a Buy Cross.
Targets:
1. 0.62150 (Fibonacci 0.618) in both cases.
Tips:
1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry.
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There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry.
Trading Plan:
1. Buy if the price closes over the MA50 (4H).
2. Buy when the MACD (1d) completes a Buy Cross.
Targets:
1. 0.62150 (Fibonacci 0.618) in both cases.
Tips:
1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.