Hi there,
The NZDUSD on the 4H chart might be opening an opportunity for us in the next 1-2 days.
We can see a trendline to the upside and will now wait for a break of this trendline with a bearish candle (preferably a strong push). Some people might want to enter after the break, but I highly suggest to either be patient or to enter with a half position.
I want to see a break of the blue rectangle, a strong flipzone. Once this has been broken, then this would seem like a shift in the momentum and a trade can be initiated.
As always, be patient and stay disciplined.
The NZDUSD on the 4H chart might be opening an opportunity for us in the next 1-2 days.
We can see a trendline to the upside and will now wait for a break of this trendline with a bearish candle (preferably a strong push). Some people might want to enter after the break, but I highly suggest to either be patient or to enter with a half position.
I want to see a break of the blue rectangle, a strong flipzone. Once this has been broken, then this would seem like a shift in the momentum and a trade can be initiated.
As always, be patient and stay disciplined.