Dollar New Zealand / Dollar ASPembelian
NZDUSD a complete different view
While many believe that NU is in downtrend, I see that looking at monthly chart, NU has not invalidate any uptrend on longer term.
uptrend as we know is when price keep making higher low, we can see there is no violation on this rule.
If this view is accurate, we might be looking at a continuation for uptrend where it would break the flag on daily chart which is currently respected by the price.
So when I see squeeze retest at support last friday, I question that this might be a start of long uptrend on this pair.
In this case, I positioned my self as a bull where I would keep looking for good pullback and become a buyer until at least the first target hit.
Keep repeating same procedure.
uptrend as we know is when price keep making higher low, we can see there is no violation on this rule.
If this view is accurate, we might be looking at a continuation for uptrend where it would break the flag on daily chart which is currently respected by the price.
So when I see squeeze retest at support last friday, I question that this might be a start of long uptrend on this pair.
In this case, I positioned my self as a bull where I would keep looking for good pullback and become a buyer until at least the first target hit.
Keep repeating same procedure.
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