By: Fadi Steitie
Currency: NZD/USD
Trend Expected Direction: Up
Strategy: Ichimoku Kinko Hyo
Description: With a drop in 52 days Senkou B (Orange) gives an indication of losing resistance power on general trend. We also notice that Tenkan (Blue) moved above Kijun Red which gives a good positive sign for a Bull movement. On the other hand, in term of Japanese Candle Sticks, We can see a strong green candle just above Tenkan hits Kijun followed by a range of small sessions ends with a drop on Tenkan bounced with a clear Hammer that indicate a strong bullish session coming on the way. With all the above info, I would buy the pair waiting for a bull to take action. Final note, we need to keep eyes on 0.78045 level and once price close above this level, 0.83130 is going to be our limit.
Action: Long
Target Area:Open
Stop Loss:0.75800
Risk: N/A
