NZDUSD: Long Trade Explained 🇳🇿🇺🇸

Hey traders,

NZDUSD is testing a strong trend line on a daily.

To catch a bullish movement from that, watch carefully 1H time frame.
The price formed a double bottom formation.
1.717 is a neckline.
Wait for its breakout (1H candle close above).
Then buy aggressively or on a retest.

Goals:
0.722
0.725

In case if the price sets a new lower low on hourly, the setup will be invalid.

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Commentaire:

Check my new idea on BCHUSD: