NZDUSD Short term bullish idea
My analysis shows a likelyhood of NZDUSD to move up on the short term. This creates an opportunity for positioning long. Be warned, the medium term trend is still down.
-There is bottom formation on the 15 min chart (indicating trend reversal)
-This reversal is confirmed by previous structures of support
-3rd confirmation is the 0.236 fib lvl that aligns in this erea.
Furthermore pivot points & RSI do not contradict with the above mentioned.
TP @ 0.66065 (previous structure of resistance)
SL @ 0.64804 ( previous structure of support)
-There is bottom formation on the 15 min chart (indicating trend reversal)
-This reversal is confirmed by previous structures of support
-3rd confirmation is the 0.236 fib lvl that aligns in this erea.
Furthermore pivot points & RSI do not contradict with the above mentioned.
TP @ 0.66065 (previous structure of resistance)
SL @ 0.64804 ( previous structure of support)
Note
target reached. trade closed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.