NZDUSD 29.07.21 - H1

Thursday, July 29, 2021 4:36 PM

mind you this is a h4 timeframe meaning it might take loner than expected. price is at a resistance which it seems to be respecting and if it holds, i am at least expecting price to retrace for a retest on our previous support. with a successful rejection which gives us second entries there then we might be able to see price push higher in order to reach our actual target.

on the other hand, yes price could create a new low and not reach the area we are expecting it to retest and continue rising without giving us second entries.