NZDUSD TREND BASE BUY TRADE

4 Mar

The market is currently at a vertical support level, and it has touched the trend zone, which it had previously done twice in the buy zone. Now, we expect the market to behave similarly. On the 4-hour chart, the market has formed a head and shoulders pattern, which is almost complete. Now, if the market breaks above the neckline area of this trading pattern and then retests it, we will enter the trade.