About to time to start thinking about longs in the NZDUSD

Written by Raul Lopez on . Posted in Trades & Analysis

In the last few weeks I looked for short opportunities on the NZDUSD, and it actually reached the main LT support level.

But now, it looks like the market has been rejected from the main support level, triggering a bullish market condition:

Notice how the NZDUSD traded for a while in a short term range, and once it breaks the short term range, I consider it trading in a bullish condition.

What do you think? Are you going to long it?

Trade Safe!
Raul Lopez

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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