NZDUSD profit target reached perfectly, prepare to buy
Buy above 0.7174. Stop loss at 0.7150. Take profit at 0.7224.
Reason for the trading strategy (technically):
Price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price action on.
Reason for the trading strategy (technically):
Price has dropped and reached our profit target perfectly. We prepare to buy above major support at 0.7174 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7244 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,3,1) is seeing major support above 0.8% where we expect further bullish price action on.