[NZDUSD] BULLISH SHAPE IN PROGRESS

From a technical point of view, our setup is still valid (see chart below), but .... if we look at the development of our bullish pattern (ABCD), we see that shape is too long over time, it means it could be in place a distribution phase of pair. If this consideration is right, we may only find it around target area or a daily closure below the support area. The bullish pattern will be invalidated below C point.
From the Money Management point of view, it is possible to close the long position to breakeven, on pattern invalidation or if the pair will close below support area on daily chart. If the conditions are met, we will post below new update, too later.

OUR LATEST ANALYSIS/SETUP
(here you can find TARGET 1 and 2 hit)

(here you can find ABCD in development)

If you think this analysis can be useful, leave a your comment or your ILIKE!
Thank you for support and trade with care!

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expected rebound...

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at the resistance.....

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2 years ago.... MONTHLY ANALYSIS

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WEEKLY ANALYSIS

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KEEP YOUR LONG POSITION....

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TARGET HIT!

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The pair still bullish....