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adelriosantiago

Three possible scenarios, going LONG on NZDUSD

Panjang
Dolar New Zealand / Dolar A.S. (FX:NZDUSD)  
adelriosantiago  
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
NZDUSD
0
1
nzdusd
The price has finally reached a long-term trend and may bounce back. The three possible possible scenarios are:

  • Best scenario (green trend): The price bounces at the long-term trend and offers a 1:5 trade opportunity at the nearest resistance about 0.77.
  • Expected scenario (blue trend): The price bounces at the long-term trend and continues to rise steadily in a 1:2 trade opportunity.
  • Worst scenario (red trend): The price breaks the long-term trend and continues to go low.

Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.
Penafian

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