Dear price action traders,

Today’s trading price action signal is coming from the NZD/USD pair. There is a bullish engulfing pattern close to 0.7800 support level. This is giving us a green light to re-consider entering on the long side. An good entry point is 0.7850. The stop should be placed just under the 0.7750-level. The initial price target is the level of 0.8000. Then, it all depends on how price reacts to these levels.

Due to the approaching holidays, I believe the market might be not as active, therefore I will continue posting new signals in the coming week.

Happy Trading,

Colibri Trader

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