NZDUSD - are bulls ready to take hold for 0.7435?

Here we are on NZDUSD daily chart and as we can see price has reached towards its important support barrier which is nearly at 0.7200 we have obvious "BUEB" ( Bullish engulfing bar) here on last daily session closing we have three factors support our trade here such as trend which is bullish long term, support barrier and BUEB setup itself. We can enter on this signal depending on our entry strategy. Let's see how market unfolds from here, safe trading!

Trade stängt manuellt:

profit booked on 1R then 2R and now price has reversed and hit break even