Heres an excellent buy setup on NZDUSD with very strong indications of upside!
The pattern we are trading is a bullish flag / bull continuation finding support at a key level, all we need is a breakout from the uppter trendline.
The daily is tricky, so we might get out at 100%... we'll remain proactive and decide!
A video analysis is coming as a follow uP!
should have entered at the retest of the support level, but missed entry.
look for entry on the support level for a buy.
nzdusd overall trend is bullish.
dxy overall trend is bearish. - potentially at res.level now
ANALYSIS-
1. Continuation of uptrend on 4hour timeframe
2. Retest of recent resistance level which has now turned into a support level
3. Bullish pinbar formation at support level
Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask
Ben
#PipGainFX
