Here is my view on NZDUSD LONG any feedback is greatly appreciated it. Thank you
Time: 07:00 GMT
Forex Pair/Commodity: NZDUSD
Position: LONG (BUY)
After an over extended run to the downside, price has formed a symmetrical triangle on the 1 HR
chart, potential reversal of the trend. Since is several days into its run, this is a
pullback trade to roughly 0.70000, strong horizontal for a 3:1 reward/risk ratio trade setup.
Daily: Over extended run to the down side, formed some reversal candles like inverse candles, pull back is needed to 0.7000 before continue its downtrend.
4 Hour: Formed double bottoms, rising
1 Hour: Price has found short term support and formed a symmetrical triangle, ready to break to the upside
Time: 17:00 GMT