ImreSG

NZDUSD - Long Opportunity On Ascending Channel H1

Largo
ImreSG Actualizado   
FX:NZDUSD   Dólar neozelandés/Dólar estadounidense
I expect an opportunity to go long on NZDUSD to form in the near future. As you can see from the trendlines we have a clear ascending channel that price is respecting very nicely. Before we go long we have to establish the following:

1) Wait for price to reach the bottom trendline
2) Determine whether the trendline will hold (ensure we do not have a bearish closure breaking below the trendline)
3) Look for price action confirmation to go long: bullish engulfing candle, bullish hammer, etc

The target will be the upper trendline.

Comentarios:
We are hitting the bottom trendline. Waiting for price action signal to go long now.
Operación cerrada: objetivo alcanzado:
I have taken a long position based on a price action signal on the 15min timeframe. I am targeting the upper trendline, and placing my stop below the previous swing low point at around 0.68995.
Operación cerrada: precio stop alcanzado:
Stop reached
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