NZDUSD buy trade idea 18 10 2021

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SL: 0.7039

TP1: 0.7089

TP2: 0.7109

TP3: 0.7129

Signal Analysis by LCMS Traders 

Currency Pair: NZDUSD

BUY NZDUSD 0.7069 

Timeframe: H1

Step 1 - Previous News: NZD: CPI q/q increase in inflation, USD: Retail sales increased, Prelim UoM Consumer Sentiment decrease

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touching, slow down

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: NZD: -, USD: -

NZDUSD buy trade idea 18 10 2021

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