Divi

NZDUSD Daily Bullish Idea

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
The blue bullish pattern is valid so I am anticipating a upside move into my target area. This does not provide a clearly defined stop level which is why I went with the AUDUSD idea. (attached as related idea) This can still make a new low and the price structure is still valid whereas the AUDUSD set up if price makes a new low that price structure is no longer valid. So the AUDUSD has a clearly defined stop level (below the daily swing low) so I chose to enter a long position on that pair.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.