NZD/USD - near buy confirmation - risk/reward ratio --> 4
Dear traders,
the NZD/USD pair is within correction movement since beginning of 2020 and reached stronger support area. We expect the correction movement will finish at the current price area but we wait for a clear buy confirmation before entering long.
Indicator analysis:
-MACD baselines near bullish crossing which brings buyers into the market and indicates end of correction movement
-RSI baselines broke out of heavy over selled area and started up movement which brings buyers into the market
-Bollinger bands getting tighter which implements incoming up movement
Buy confirmation and when to enter long will be published in our VIP group. Don´t hesitate to contact us for further information.
Feel free to leave a comment or to share your idea in the comment section.
the NZD/USD pair is within correction movement since beginning of 2020 and reached stronger support area. We expect the correction movement will finish at the current price area but we wait for a clear buy confirmation before entering long.
Indicator analysis:
-MACD baselines near bullish crossing which brings buyers into the market and indicates end of correction movement
-RSI baselines broke out of heavy over selled area and started up movement which brings buyers into the market
-Bollinger bands getting tighter which implements incoming up movement
Buy confirmation and when to enter long will be published in our VIP group. Don´t hesitate to contact us for further information.
Feel free to leave a comment or to share your idea in the comment section.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
