Three possible scenarios, going LONG on NZDUSD
The price has finally reached a long-term trend and may bounce back. The three possible possible scenarios are:
Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.
- Best scenario (green trend): The price bounces at the long-term trend and offers a 1:5 trade opportunity at the nearest resistance about 0.77.
- Expected scenario (blue trend): The price bounces at the long-term trend and continues to rise steadily in a 1:2 trade opportunity.
- Worst scenario (red trend): The price breaks the long-term trend and continues to go low.
Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.