NZDUSD: Multi Time Frame Analysis & Trading Plan

22 באפר׳ 2020

Morning guys!

NZDUSD is coiling on a rising trendline on 4H.

on 1H we see a formation of the ascending triangle with a sequence of higher lows and minor horizontal resistance.

to wisely catch a pullback from a trendline, focus on 0.598 resistance!
being broken to the upside (1H candle close above), it will give us a perfect opportunity to buy the pair.

target levels: 0.604/0.607

in case of a bearish violation of a trendline, bias will switch to bearish!
good luck!