NZDUSD buy trading strategy explained - by Vladimir Ribakov #trading #forex #strategy #shorts

Hello traders, Vladimir here from Home Trader Club. Here is the strategy we implemented on New Zealand dollar buy. On the 1-hour chart, the most recent falling trend line was broken to the upside. Heikin-Ashi candles line up and become bullish. ADX indicator is bullish. MACD making higher highs together with the price. Higher highs in the chart, higher highs on the MACD. Classical buy opportunity. The plan is simple: pullback and buys as long as the support holds. What support? We have the Broken trendline was dynamic resistance. Now it is dynamic support. Pullbacks and buys. Remember that? Let's see how the charts worked. Here is the pullback as it happens, and on the lower timeframe, we can see it provides sort of a range or a tunnel, channel, you name it. It doesn't matter. What happens is when we connect the highs and the lows together, we get a range, and once it is broken and retested, that's where our buy trigger comes in play. And as we can see, New Zealand dollar does not disappoint and delivers the rally as we wanted.