This is a 3 month swing for a buy on NZDUSD.. Buy opportunity zones have been marked with fib, weekly resistance zones as well as the medium zone (redline).
Bullish long term NZD Not looking for any sell setups at the bottom.... already in on 3 accounts with 1 foot in. will put both once more confirmation is shown! :)
Intraday shows a possible support level at .6300 with a probability of holding here and bouncing back to 6500 on weekly. If price continues up to red line the bullish move can be much quicker. We should see a reflection of this move on a momentum indicator. We also are low on the stock with a crossover but price can still consolidate down before we get another impulsive move. If you look at the last lower low stock zone we had consolidation and still,...price continued pushing lower. This is why an indicator cannot be dependable without multiple indications combined with the tools you use!
Gotta have patience for these swings so I do not recommend over-leveraging ever on a swing. A breakout of the solid line range and bullish flag would be best to have before adding any extra positions.
*RBNZD RATE NEWS FEB 24th*
If you believe dollar is still strong and can push this down another level on the weekly share your thoughts below! As always please like for support!
Bullish long term NZD Not looking for any sell setups at the bottom.... already in on 3 accounts with 1 foot in. will put both once more confirmation is shown! :)
Intraday shows a possible support level at .6300 with a probability of holding here and bouncing back to 6500 on weekly. If price continues up to red line the bullish move can be much quicker. We should see a reflection of this move on a momentum indicator. We also are low on the stock with a crossover but price can still consolidate down before we get another impulsive move. If you look at the last lower low stock zone we had consolidation and still,...price continued pushing lower. This is why an indicator cannot be dependable without multiple indications combined with the tools you use!
Gotta have patience for these swings so I do not recommend over-leveraging ever on a swing. A breakout of the solid line range and bullish flag would be best to have before adding any extra positions.
*RBNZD RATE NEWS FEB 24th*
If you believe dollar is still strong and can push this down another level on the weekly share your thoughts below! As always please like for support!
