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ChartCrushers
Apr 14, 2020 3:44 PM

Golden Pocket Long

Euro Fx/New Zealand DollarFXCM

Description

Getting a bounce at the golden pocked of the move from the low to the high. Confluence is the daily 50ma, and the daily pivot S1, which as previous resistance may provide support.

Macd is converving, rsi looks like it may bounce, momentum could be exhausted, and stochastic looks like it could enter the channel bullishly.

Targeting pivot R1 since the bounce was at the golden pocked, and stop is below previous resistance.

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