DON'T GET FAKED BY NZDUSD!

6 avr. 2020

NZDUSD

Price has broken back into long-term structure.
This shows that bears attempted to break price lower and got rejected.
Bulls moved price back into structure, indicating a bullish turn of momentum.
https://www.tradingview.com/x/18N2b6iR/

This is further backed up by price action on the 1D chart
This chart shows that the power bulls provided through two candles, takes the bears 5 candle closes to return.
This further shows the bulls strength in the market.


It's also quite clear that the current bearish push is a lot weaker than the prev one.


Well guys, thanks for reading through my analysis!
Be sure to keep an eye out!

Quick tip: every day is not a trading day, only trade high probability setups.

-TheFXAngel

𝗟𝗶𝗸𝗲𝗱 𝘁𝗵𝗲 𝗶𝗱𝗲𝗮? 𝗙𝗼𝗹𝗹𝗼𝘄 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲!