NZDUSD Long after reaching demand zone (1H)

NZDUSD has formed an engulfing candle on the daily chart and ended up closing above 0.69500 area (which were the lows that the pair found support. Looking to go long from where I drew the orange box and taking profit around the area of 0.70200, where the pair may find strong resistance.

Wait for confirmation before taking the trade, as no trades are 100% correct.

Good luck and thanks for looking!

Commentaire:

Just entered in longs.