Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDUSD has been trading inside a big range between our support and resistance .
Previously, we were looking for sell setups around resistance. Now since NZDUSD is sitting around the support zone , we will be looking for buy setups on lower timeframes.
NZDUSD is forming a channel in blue.
For the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, NZDUSD can still trade lower inside the support or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
