Hello Price Action Traders.
Let’s take a look at the NZD/USD daily chart. Today the “Kiwi” is attempting to break Friday low. You can identify the last candle as a daily Pin Bar that rejected the resistance level at 0.85425, the 21 EMA and the bearish trendline. This could be a very interesting trade due to the confluence of three signals. Also consider that they’re in the direction of the trend. However, as I said in the previous post the Reserve Bank of New Zealand is going to take decisions on Interest Rates on Wednesday.
It’s all for today
If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to this link:
FIRST MONTH FOR FREE!!!
Get Naked Get profit!
FROM A REAL TRADER TO REAL TRADERS
Luigi, professional trader member of Hereforex.com