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The bullish explosion seen with the NZDUSD last week was triggered after
price dipped further at the completion of a triangular cycle. This
doesn't come as a surprise since price was yet to hit the 50ema in the
last rally and also didn't break out of the descending trend-line at the
completion of its triangular cycle. A clear rejection off the new
Support zone at the close of trading on Friday signals for more
bullishness to follow in the new week. 0.8790 looks a possible target.
Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a free Subscription to my Trade Room or Mentor Programme to experience the simplicity of trading Price Action with me.
Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a free Subscription to my Trade Room or Mentor Programme to experience the simplicity of trading Price Action with me.
