Hello and welcome to my chart analysis of NZD/USD.
Here on the 1H chart it is easy to see the market has been moving in a sideways pattern within a zone (blue bars) for quite some time now.
We will wait for the market to break out and retest on either the upside or downside ( this move is indicated with the blue arrows I've drawn) I have alerts (my yellow lines) to inform me when the market is making the possible move.
Be patience and wait for the obvious break and RETEST before entering. Aim your TP for the next obvious level of support.
Here on the 1H chart it is easy to see the market has been moving in a sideways pattern within a zone (blue bars) for quite some time now.
We will wait for the market to break out and retest on either the upside or downside ( this move is indicated with the blue arrows I've drawn) I have alerts (my yellow lines) to inform me when the market is making the possible move.
Be patience and wait for the obvious break and RETEST before entering. Aim your TP for the next obvious level of support.