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pecpec

LONG NZDUSD

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
pecpec  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance NZDUSD LONG Parallel Channel lateralchannel lateral
2
0
supportandresistance nzdusd long parallelchannel lateralchannel lateral
Pros
  • Above a resistance level.
  • Resistance level tested 4th times.
  • Divergences on DXY.
  • Divergences on h4 timeframe.
Cons
  • Strong dollar.
  • The strong of the last bearish impusle.
Stratregy
  • Buy a half at a market price, and the other half when the HCH is complete.
  • I prefer to put the take profit at the pivot point 0.7170-0.72(correction of 38.2%) instead of the top of the channel.
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