Dollar New Zealand / Dollar AS
Pembelian

Buy Setup on NZDUSD

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On NzdUsd, price has been overall bullish on the larger timeframes. I've created non-horizontal support/resistance levels to contextually analyze where price is relative to the levels. We could identify that price is currently sitting at a non-horizontal support level, which signals buy setups.

On the lower timeframes, price has been ranging between a significant support and resistance level. The only times price has broken this range is to reject off of the non-horizontal resistance and support level. If price manages to break through the resistance level, this will show a sign of strength to me, and I'll be awaiting a pullback to the level before considering a buy setup. If we have some bullish rejection present on the retest, I'll most likely go long. But for now, patience patince patience.

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