NZDUSD
Recently we witnessed this pair smash through the bearish trend.
Now,
- Can we expect this underlying bullish trend line to hold justice & see price make its way back up & potentially past recent resistance to verify this bullish movement into a true trend.
- Or, is this simply the bearish trend (as seen on the Daily) coming back into play.
Save to say we must wait to see how this pair acts around this zone. As previous support as well as both bullish , bearish & MA are meeting + Fib retracement 32.8 zone
Its not hard to say that patience is always key. No need to trade just to trade when you dont need to. Wait till the markets give a clear opportunity etc or else youre just gambling.
cheers..
Recently we witnessed this pair smash through the bearish trend.
Now,
- Can we expect this underlying bullish trend line to hold justice & see price make its way back up & potentially past recent resistance to verify this bullish movement into a true trend.
- Or, is this simply the bearish trend (as seen on the Daily) coming back into play.
Save to say we must wait to see how this pair acts around this zone. As previous support as well as both bullish , bearish & MA are meeting + Fib retracement 32.8 zone
Its not hard to say that patience is always key. No need to trade just to trade when you dont need to. Wait till the markets give a clear opportunity etc or else youre just gambling.
cheers..
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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.
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.