The Kiwi Ripe? Ichimoku NZD/USD Long Trade Setup
With the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our structure highs. As an alternative, if we consolidate and move a little sideways here I will trade a break out of this current resistance level I've noted with a blue horizontal line. If we rise above that and either close or look strong, I'll enter a long that way. If either of those scenarios fail to take place, I'll consider this setup invalidated.
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