Good morning,
Last week I did enter NZDUSD but I didnt post it right away because I wasnt 100% sure how the setup would develop. But this week I am not really confident that the way the monthly candle did close and the inverted head'n'shoulder did form, that NZDUSD is going back UP.
Plus we can also see with the bollinger band 50 periods that it is currently at the lower level of the bollinger, so it mean that it as alot of bullish potential. When we put our monthly chart, we can also see that it is a re-test of the previous level, so a very strong level.
My last confirmation was the break of the bearrish trendline. I am currently long on most NZD pair.
Trade with care,
PC
Last week I did enter NZDUSD but I didnt post it right away because I wasnt 100% sure how the setup would develop. But this week I am not really confident that the way the monthly candle did close and the inverted head'n'shoulder did form, that NZDUSD is going back UP.
Plus we can also see with the bollinger band 50 periods that it is currently at the lower level of the bollinger, so it mean that it as alot of bullish potential. When we put our monthly chart, we can also see that it is a re-test of the previous level, so a very strong level.
My last confirmation was the break of the bearrish trendline. I am currently long on most NZD pair.
Trade with care,
PC