NZDUSD Reversed Off Fib Confluence Zone, Bull Flag, Divergence
Updated
Here NZDUSD has reversed nicely from a fib confluence zone between the .618 retracement of the large bullish impulse, and 1.272 extension of the smaller bearish impulse.
Further confirmation signs include a broken falling wedge and bull flag, as well as clear RSI divergence.
Target 1 is based on recent resistance.
Good Luck!
Further confirmation signs include a broken falling wedge and bull flag, as well as clear RSI divergence.
Target 1 is based on recent resistance.
Good Luck!
Trade active
Trade closed: target reached
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