NZDUSD pullback gives good oppertunity to go long

14 Agu 2016

NZDUSD has shown good signs of strength. However, we see good rejection candles at the median line of the Pitchfork. Price still made a higher high (HH) even if only just. 'TDI is also showing some bearish sentiment . So we possibly could see a pullback this week to the lower median line of the Pitchfork. Notice the no demand candles (low volume small spread) at the bottom of the pullbacks. So I will be looking for a pullback this week to the lower median line. Then on a no demand candle will be looking to go long following the mark-up phase.