naynay97

NZD/HKD potential double bottom formation?

Long
OANDA:NZDHKD   NZD/HKD
There seems to be a possible double bottom formation occurring around the 5.35 area.

The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.

I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of the strong upward trend.


Stop loss is small yet effective and take profit levels are looking very realistic at the moment.





But yeah thanks guys and I'll carry one with another one next time.