Currency Pair: NZD.USD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
Live NZD.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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A descending trendline breakout has now occurred, a consolidation period is now expected and required prior to a long opportunity.