NZDUSD – Potential Buy Signal Heading Into Key Support Zone | Apr 2

Verified Profitable Trader

Chris Capre’s current open price action and ichimoku trades: EURUSD, GBPUSD, EURCHF, EU50, INR.FR, BIR, TLS

NOTE: Want to know how to find the strongest support and resistance levels in forex? Click here to learn more.

NZDUSD – Closing In On A LT Key Support Level (daily chart)
For pretty much all of 2019, the NZDUSD has been stuck in a ~250 pip corrective structure between 6700 and 6950 with several touches on both sides. Until this corrective structure breaks, or either of the key support/resistance zones, with a weekly close above/below them, I’m going to trade both sides of the market while targeting the other end.

nzdusd-forex-trade-setup-key-support-2ndskiesforex

Trending Analysis:

ST corrective so trading both sides. MT mixed and whichever side breaks first will likely indicate the next major direction.

Key Support/Resistance Levels:

R: 6900-6975
S: 6675-6725

Want to get more trade ideas like this? Check out becoming a member whereby you’d get access to trade ideas and market analysis 4x per week.

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article