Hello Sophisticated Traders, The weekly close is indicating a bullish candle, additionally the break of the 4 hours 200 MA, this is a strong indication of a potential test of .6800, which is also the weekly 200 MA resistance. Therefore, we are looking for a retest of the high as the long-term resistance. Subscribe, like, comment for more updates. Happy...
OANDA:NZDUSD -----------------------------> Details on the chart Happy weekend, pipdify Tamilkumar
Long NZDUSD @ 0.6970; TP @ 0.7110, SL your choice
Beginning of W Pattern started around April 20th 2014. We are currently in the trough of the W center. Looking for a swift downward move before retracing to April 2014 levels. We've now reached a Double Top on the weekly TF, and poised for the beginning downward move to .6250 area.