NZDUSD Is Bullish
Hello Speculators,
NZDUSD recently broke out of a bearish downtrend on May 17, 2022. A bullish flag is now forming on the 4H chart as it prepares for the next bullish rally.
The Game Plan:
Now, I am not a financial advisor so please trade/invest at your own risk. This is just my 2 cents.
I believe price will continue to consolidate for a little while longer while this bullish flag is being formed. The blue box on the chart is the support zone where price will most likely rest on before the next rally. In my opinion .63723 will be a very very good buy entry.
Take Profit: .67938
Stop Loss: .62283
Risk Reward: 3:1
If you have any questions for me or have a different perspective please let me know in the comments.
Just remember, You are one trade away.
- We The Traders
NZDUSD recently broke out of a bearish downtrend on May 17, 2022. A bullish flag is now forming on the 4H chart as it prepares for the next bullish rally.
The Game Plan:
Now, I am not a financial advisor so please trade/invest at your own risk. This is just my 2 cents.
I believe price will continue to consolidate for a little while longer while this bullish flag is being formed. The blue box on the chart is the support zone where price will most likely rest on before the next rally. In my opinion .63723 will be a very very good buy entry.
Take Profit: .67938
Stop Loss: .62283
Risk Reward: 3:1
If you have any questions for me or have a different perspective please let me know in the comments.
Just remember, You are one trade away.
- We The Traders
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