The NZDUSD market has come down for many pips. But now the market is up to the moving average. So buyers can take the opportunity indeed and should take an entry at 0.6893 and the target point will be at 0.6965.
You are absolutely right! I am also with the buy trading position from the recent Friday! I have open this trade position according to the daily market pattern, it’s a swing trade opportunity for me so I a targeting here more than 250 pip!
Last week, I have made almost 470 pips by selling this currency pair! In addition, in this week, I have also with the same momentum! Maybe there will be few buy pressures, but I am sure sellers will dominating this pair very soon.
I think, your analysis is against the market trend! Maybe it’s a good setup for the advance trader but I think new traders need to stay with the market trend only.