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praises700

NZDUSD 25th OCT 2023: Bullish setup

Long
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
praises700 Updated   
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Fundamental Analysis signals signalsprovider signalservice NZDUSD nzdusdanalysis nzdusdtrade nzdusdidea nzdusdsetup
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NZDUSD is on a bullish train, price has shown a very strong willingness to go higher. I have marked out a zone and waiting for price to retrace into the zone. So as to hit the target above the monday high. DYOR, I hope you also share your idea on the comment section. And let me know if you want more understanding on why I'm doing this.
Order cancelled:
Market retraced into zone but didn't' give an entry reason. So it was a trade taken. I wanted to see a market willingness to go higher during the time it traded into that zone. However, market was bearish today.
Trade active:
Setup has formed, entry signal noted. In for the trade on a 4:1 RR
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