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NZD/USD: Opportunities for long positions after correction

NZD / USD: Daily schedule – upward movement

Correction to levels of diagonal and horizontal support

Signal from Japanese candles – devouring bar – probably increase

Fibonacci – correction to 38.2

indicators

50/200MA – 200 under 50 – positive trend

DeM and CCI(50) did not give clear signals

SL 0.6980

Aggressive entry from current levels

Conservative entrance after adjustment to the diagonal support

Alternative scenario: If the price crosses below the 38.2 Fibonacci it can spoil the positive trend and see a new drop in the price.

Jr_Trader_I_Ivanov


 Varchev Traders


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