NZDUSD > Two Possible Setups for Sells and Buys!

Analysis on #NZDUSD

The NZDUSD has no current setup for me but I am interested in possible setups that may come soon, as you see the market formed a trendline resistance and trend line support as laid on the chart.

Sell Setup

>> If the market test my trend line resistance level and key resistance zone near 0.7000 big number then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.

Buy Setup

>> If the market test my trend line support level and key support zone near 0.6700 big number then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.

⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances



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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*