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Charts, Levels and Strategizing

NZDUSD: Week of 11 November 2024

See daily chart of NZDUSD below for the discussion that follows.

Looks like NZDUSD wants to retest a major area of support. If this happens, I will consider going long. That’s if I see bullish price action / candlesticks (confirmation).

Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

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